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24). (Accounting) Answer if you know how to complete it correctly. I will give thumbs up if correct Elegant Arrangements has just completed operations for
24). (Accounting) Answer if you know how to complete it correctly. I will give thumbs up if correct
Elegant Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: E (Click the icon to view the assembled data.) (Click the icon to view the income statement.) Prepare the statement of owner's equity of Elegant Arrangements for the year ended December 31, 2018. (Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal.) Rose, Capital, January 1, 2018 Rose, Capital, December 31, 2018 Data Table Insurance Expense $ 6,000 Salaries Expense 43,000 Service Revenue 98,000 Accounts Payable 6,800 900 2,000 Utilities Expense Rent Expense Rose, Capital, Jan. 1, 2018 14,000 23,200 Office Supplies Rose, Withdrawals Accounts Receivable Equipment 8,500 3,500 Cash 7,000 20,000 Owner contribution 6,300 Print Done i X Reference Elegant Arrangements Income Statement Year Ended December 31, 2018 Revenues: Service Revenue 98,000 Expenses: Salaries Expense Rent Expense Insurance Expense 43,000 14,000 6,000 900 Utilities Expense Total Expenses 63,900 $ 34,100 Net IncomeStep by Step Solution
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