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Financial Statements by Thomas Ittelson

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Chapter 10. Administrative Tasks

 

We’ve been busy making and selling our delicious applesauce. However, having been in business for three months, it’s time to attend to some important administrative tasks.

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Transaction 25. Pay this year’s general liability insurance.

Transaction 26. Make principal and interest payments on three months’ worth of building debts.

Transaction 27. Pay payroll-associated taxes and insurance benefit premiums.

Transaction 28. Pay some suppliers...especially the mean and hungry ones.

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T25. Pay this year’s general liability ...

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