Using your answer from Exercise 1-24, prepare an income statement, a statement of changes in equity, and a balance sheet for July 2020.

Analysis Component: Review Gold?s balance sheet. How much of the assets are financed by Gold? How much of the assets are financed by debt?

Exercise 1-24

Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2020, as shown in the following accounting equation format:

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Equity Liabilitles Assets Explanation of Equity Transaction Accounts Natalie Gold, Capital Accounts Payable + Receivable + Supplies Cash + Equipment $1,900 $6,000 + $1,200 $6,500 $4,000 $11,600