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ASAP Question 1 (50 points] Bentley Inc. began operations 2 years ago. Its adjusted account balances at April 30, 2014 are shown below. Bentley Inc.
ASAP
Question 1 (50 points] Bentley Inc. began operations 2 years ago. Its adjusted account balances at April 30, 2014 are shown below. Bentley Inc. issued shares worth $7,500 during April, 2014. Use this information to prepare the following: a. Income statement for the month ended April 30. b. Statement of changes in equity for the month ended April 30. c. Classified balance sheet at April 30. (select one) Income Statement (select one) x x x x x TITE Account Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, boats Automobiles Boats Cash Commissions earned Consulting revenue earned Depreciation expense, automobiles Depreciation expense, boats Dividends Interest expense Land Long-term notes payable Long-term investment in shares Mortgage Payable (due May, 2018) Property taxes expense Property taxes payable Rent earned Retained earnings Share capital Short-term notes payable Trademark Unearned rent Balance 2,490 9,130 6,210 6,290 29,230 28,740 3,240 9,790 11,870 1,880 1,580 1,580 3,150 19,190 12,840 7,890 13,870 4,560 3,520 3,430 17,540 17,490 5,520 5,560 4,870 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X X EE (select one) Balance Sheet (select one) X X X X X EEEEE X X X X X ++++ DO Ft +Step by Step Solution
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