Using the following trial balance and adjustment data for Vivian?s Repair Co. of Windsor, prepare1.?A worksheet for

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Using the following trial balance and adjustment data for Vivian?s Repair Co. of Windsor, prepare1.?A worksheet for October2. An income statement for October, a statement of owner?s equity for October, and a balance sheet as of October 31, 2019

Adjustment Dataa.?One-quarter of the prepaid insurance has expired.b.?Repair supplies on hand, $795.c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1,200.d. Depreciation on building is also straight-line, 50-year life, and no residual value.e. Wages earned but unpaid amounted to 76 hours at $14 per hour at month-end.

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Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

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