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5. 08. Use the information given below to create the Income Statement, Statement of Changes in Owner's Equity and Statement of Financial Position for Mikes
5. 08. Use the information given below to create the Income Statement, Statement of Changes in Owner's Equity and Statement of Financial Position for Mikes Maintenance Company for the year ended Dec 31 (7 marks). The balances for the accounts of Mike's Maintenance Co. for the year ended December 31 are as follows. Account $ Account $ A/P 7,000 Wages expense 35 500 A/R 6,500 Rent expense 6,000 Cash 10,500 Supplies 1,200 Land 50,000 Building 125,000 Unearned revenue 4,000 Supplies expense 21.500 Mike's Capital 118,700 Mike's Dividend 48,000 Revenue 174,500 Income Statement Statement of Owner's Equity Statement of Financial Position
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