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3 Print Media Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just
3 Print 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 Credit $ 50,000 Building Cash Revenue Sam Smith, capital Sam Smith, withdrawals Land Machinery Notes payable Office supplies Debit $ 3,400 84,000 19,000 135,200 126,000 20,000 88,000 54,000 118,000 3,400 7,400 150,000 $429,200 $429,200 Office supplies expense 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 nts Print 3 MEDIA MARKETING SERVICES Statement of Changes in Equity For Month Ended March 31, 2020 Sam Smith, capital, March 1 Total Sam Smith, capital, March 31 $ 0
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