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3. Complete the Accounting Cycle using the Adjusted Trial Balance below. Sue Smith Company Adjusted Trial Balance December 31, 2019 Cash $5,900 Prepaid Rent 1,500

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3. Complete the Accounting Cycle using the Adjusted Trial Balance below. Sue Smith Company Adjusted Trial Balance December 31, 2019 Cash $5,900 Prepaid Rent 1,500 Supplies 800 Automobile 18,000 Accumulated Amortization - Automobile Accounts Payable Unearned Fees Notes Payable (due in 18 months) S Smith - Capital S Smith - Drawings 3,200 Fees Earned Salaries Expense 3,120 Rent Expense 3,260 Amortization Expense 200 $35,980 $1,500 13,000 4,360 720 7,200 9,200 $35,980 Part A: FINANCIAL STATEMENTS (32 marks) (1) INCOME STATEMENT. (8 Marks) Prepare an Income Statement in proper form, on the paper attached for the month ended December 31, 2019. (2) STATEMENT OF OWNER'S EQUITY. (8 Marks) Prepare a Statement of Owner's Equity in proper form, on the paper attached for the month ended December 31, 2019. Note that S Smith - Capital on December I was $6,100. Sue also made an additional investment during the month of December (3) BALANCE SHEET. (10 Marks) Prepare a Classified Balance Sheet in proper form, on the paper attached for the month ended December 31, 2019: (4) What is the Net Book Value of the automobile

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