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(Be careful about the additional information at the bottom) Your instructions are to create and submit in proper format: a. a Trial Balance b. an
(Be careful about the additional information at the bottom)
Your instructions are to create and submit in proper format:
a. a Trial Balance
b. an Income Statement
c. a Statement of Changes in Equity
d. a Statement of Financial Position
9,500 Accounts Payable 14,000 Accounts Receivable 21,400 Accumulated Depreciation Equipment 39,000 Bank Loan Payable, due 2022 3,000 Cash 38,000 Common Shares 9,700 Depreciation Expanse 800 Dividends Declared 99,000 Equipment 20,000 Investments 3,000 Income Tax Expense 1,800 Insurance Expense 3,600 Interest Expense 200 Prepaid Insurance 9,000 Rent Expense 10,450 Repairs and Maintenance Exponse 20,850 Retained Earnings 25,000 Salaries Expense 800 Salaries Payable 75.000 Service Revenue Additional information: All accounts have a normal balance. During the year, the company issued common shares for $11,000 dur 9,500 Accounts Payable 14,000 Accounts Receivable 21,400 Accumulated Depreciation Equipment 39,000 Bank Loan Payable, due 2022 3,000 Cash 38,000 Common Shares 9,700 Depreciation Expanse 800 Dividends Declared 99,000 Equipment 20,000 Investments 3,000 Income Tax Expense 1,800 Insurance Expense 3,600 Interest Expense 200 Prepaid Insurance 9,000 Rent Expense 10,450 Repairs and Maintenance Exponse 20,850 Retained Earnings 25,000 Salaries Expense 800 Salaries Payable 75.000 Service Revenue Additional information: All accounts have a normal balance. During the year, the company issued common shares for $11,000 durStep by Step Solution
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