=+The Hometown Services Company is a financial planning services firm owned and operated by Jane Maines. As
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=+The Hometown Services Company is a financial planning services firm owned and operated by Jane Maines. As of March 31, 2010, the end of the current fiscal year, the accountant for The Hometown Services Company prepared an end-of-period spreadsheet
(work sheet), part of which is shown at the top of the next page.
Instructions 1. Prepare an income statement, a statement of owner’s equity (no additional investments were made during the year), and a balance sheet.
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