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1 [50 points] Segura Corporation began operations on June 1, 2022. Its adjusted account balances at May 31, 2023 are shown below. Use this information
1 [50 points] Segura Corporation began operations on June 1, 2022. Its adjusted account balances at May 31, 2023 are shown below. Use this information to prepare the following: a. Income statement for the year ended May 31. b. Statement of changes in equity for the year ended May 31. c. Classified balance sheet at May 31. Account Balance (select one) Accounts receivable 5,270 Accumulated depreciation, automobiles 1,080 Income Statement (select one) Accumulated depreciation, building 1,350 Advertising expense 7,580 Automobiles 7,640 Bonds Payable (due November, 2028) 15,420 Building 12,620 Cash 2,610 Commissions earned 11,690 Consulting revenue earned 6,950 Copyright 7,790 Depreciation expense, automobiles 1,080 Depreciation expense, building 1,350 Dividends 2,510 Interest earned 1,410 Interest expense 1,340 Land 17,270 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity Long-term notes payable 14,920 Long-term investment in shares 4,290 Prepaid advertising 1,380 Share capital 16,670 Short-term notes payable 6,310 Trademark 4,300 Unearned consulting revenue 1,230 XXXX (select one) Balance Sheet (select one)
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