Use the Data Below from the Adjusted Trial Balance for Miller's

question 11

Essay

Use the data below from the adjusted trial balance for Miller's Express Cleaning to prepare an income statement, statement of retained earnings, and a statement of change in financial position for the year ended December 31, 2013.
2,026 Cash
7,530 Accounts Payable
4,000 Retained Earnings Jan 1
153 Utilities Expense
1,200 Advertising Expense
15,290 Equipment (Net) Includes 5,000 in Amortization
13,835 Service Revenue
2,000 Common Shares
1,750 Dividends
1,216 Prepaid Insurance
4,080 Accounts Receivable
1,650 Wages Expense

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Definitions:

Growth Strategy

A plan of action designed to increase the size and scope of a business, including expanding product lines, markets, or operational capacity.

Growth Strategy

A plan of action that a business implements to expand its market share, increase revenue, or achieve other targeted growth objectives.

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