West End Inc., an auto mechanic shop, has the following account balances, given in no certain order,
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West End Inc., an auto mechanic shop, has the following account balances, given in no certain order, for the quarter ended March 31, 2019. Based on the information provided, prepare West End’s annual financial statements (omit the Statement of Cash Flows).
Prepare West End’s annual financial statements. (Omit the Statement of Cash Flows.)
Transcribed Image Text:
Electricity expense Accounts payable Dividends Garage machines Office supplies Repair revenue Mortgage interest expense Accounts receivable Retained earnings Miscellaneous expenses Cash Common stock Garage supplies Real estate tax expense Waiting room furniture Machine maintenance expense Mechanic shop Mortgage payable $ 2,365 4,835 1,200 145,000 235 68,245 12,240 2,580 23,600 725 10,745 150,000 1,565 5,200 3,450 1,375 185,000 125,000
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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