Accounts Payable Accounts Receivable Cash B Bland Media Information: E $ 25,000 210,000 Rent Expense Supplies...

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Accounts Payable Accounts Receivable Cash B Bland Media Information: E $ 25,000 210,000 Rent Expense Supplies $ 75,000 9,000 146,000 Supplies Expense 12,000 Common Stock 35,000 Taxes Expense 10,000 Fees Earned 875,000 Utilities Expense 38,000 Miscellaneous Expense 15,000 Wage Expense 525,000 D The information for Bland Media Company at the end of the fiscal year, June 30, 20X8 are listed in this spreadsheet . Additional information: Capital were $145000 at May 1, 20X7, additional capital was $35,000 and dividends paid during the year were $40000. Instructions: 1) Prepare an Income Statement. Revenues Bland Media Company Income Statement For the Year Ended June 30, 20X8 Expenses Rent Expense 75000 Expenses Rent Expense 75000 Total Expenses Net Income 675000 -495000 2) Prepare a Statement of Owner's Equity [+]. Please use the link to enter into the statement. Enter any deductions as negative numbers. Accounts Payable Accounts Receivable Cash B Bland Media Information: E $ 25,000 210,000 Rent Expense Supplies $ 75,000 9,000 146,000 Supplies Expense 12,000 Common Stock 35,000 Taxes Expense 10,000 Fees Earned 875,000 Utilities Expense 38,000 Miscellaneous Expense 15,000 Wage Expense 525,000 D The information for Bland Media Company at the end of the fiscal year, June 30, 20X8 are listed in this spreadsheet . Additional information: Capital were $145000 at May 1, 20X7, additional capital was $35,000 and dividends paid during the year were $40000. Instructions: 1) Prepare an Income Statement. Revenues Bland Media Company Income Statement For the Year Ended June 30, 20X8 Expenses Rent Expense 75000 Expenses Rent Expense 75000 Total Expenses Net Income 675000 -495000 2) Prepare a Statement of Owner's Equity [+]. Please use the link to enter into the statement. Enter any deductions as negative numbers.

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