Question
3 [30 points] The trial balance shown below has been prepared for Benson Inc. as of March 31, 2014, the company's first month of operations.
3 [30 points] The trial balance shown below has been prepared for Benson Inc. as of March 31, 2014, the company's first month of operations. Use this information to prepare the income statement and statement of changes in equity for the month ended March 31 along with the March 31 b Be sure to select the correct company and date for each given financial statement. Benson Inc. Trial Balance March 31, 2014 Debit Credit Accounts receivable 163,500 Cash 67,500 Commissions earned 119,000 Consulting revenue earned 101,500 Dividends 24,000 Insurance expense 32,000 Interest expense 23,500 Interest payable. 15,000 Office supplies expense 79,500 Share capital 70,000 Short-term notes payable 49,000 Unearned revenue 35,500 Totals 390,000 390,000 (select one) Balance Sheet (select one) (select one) Income Statement (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity
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