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3 Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended
3 Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended March 31, 2020 Account Accounts payable Accounts receivable Debit Credit $ 50,000 $ 3,400 10 points Cash Revenue Building 84,000 19,000 135,200 Sam Smith, capital 126,000 Sam Smith, withdrawals 20,000 Print Land 88,000 Machinery 54,000 Notes payable 118,000 Office supplies 3,400 Office supplies expense 7,400 150,000 $429,200 $429,200 Wages expense Totals "The $126,000 balance includes $39,000 invested by the owner during March. Required: Using the information provided, prepare an income statement and a statement of changes in equity for the month ended March 31, 2020, and a balance sheet at March 31, 2020. MEDIA MARKETING SERVICES
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