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1 . For the foll Prepare a properly classified income statement for 2 0 2 3 , using the post - adjustment account balances. University
For the foll Prepare a properly classified income statement for using the postadjustment account balances. University Street Parking Garage Income Statement For the year ended December Begin with the following account balances for University Street Parking Garage assume all accounts have normal balances at December : Accounts payable: $ Accounts receivable: $ Accumulated Depreciation equipment: Cash: Common Stock shares: Depreciation Expense equipment: Dividends Declared: Equipment: Income taxes expense: Income taxes payable: Interest Expense: Interest Payable: Interest Income: Inventory: Investments Notes Payable due May : Prepaid Rent months Rent expense Retained earnings, Jan : Service Revenue,parking: Service Revenue,repair: Supplies Expense: Wages Expense: Wages Payable: The following adjustments have been made. The Income statement will need to reflect these postadjustment account balances. a Rent Expense Prepaid Rent b Wages Expense Wages Payable c Depreciation Expense Accumulated Depreciation equipment d Interest Expense Interest Payable Please make the balance sheet for using the postadjustment account balances Prepaid rent Total current assets Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity Current liabilities: tableAccounts payable $ Part : Please prepare the income statment for using the postadjustment account balances Part : Prepare a retained earnings statement for using the post adjustment account balances
For the foll
Prepare a properly classified income statement for using the postadjustment account balances.
University Street Parking Garage
Income Statement
For the year ended December
Begin with the following account balances for University Street Parking Garage assume all accounts have normal balances at December :
Accounts payable: $
Accounts receivable: $
Accumulated Depreciation equipment:
Cash:
Common Stock shares:
Depreciation Expense equipment:
Dividends Declared:
Equipment:
Income taxes expense:
Income taxes payable:
Interest Expense:
Interest Payable:
Interest Income:
Inventory:
Investments
Notes Payable due May :
Prepaid Rent months
Rent expense
Retained earnings, Jan :
Service Revenue,parking:
Service Revenue,repair:
Supplies Expense:
Wages Expense:
Wages Payable:
The following adjustments have been made. The Income statement will need to reflect these postadjustment account balances.
a Rent Expense
Prepaid Rent
b Wages Expense
Wages Payable
c Depreciation Expense
Accumulated Depreciation equipment
d Interest Expense
Interest Payable
Please make the balance sheet for using the postadjustment account balances
Prepaid rent
Total current assets
Accumulated depreciation equipment
Total assets
Liabilities and Stockholders' Equity
Current liabilities:
tableAccounts payable $
Part : Please prepare the income statment for using the postadjustment account balances
Part : Prepare a retained earnings statement for using the post adjustment account balances
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