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Bentley Inc. began operations on June 1, 2013. Its adjusted account balances at May 31, 2014 are shown below. Use this information to prepare the
Bentley Inc. began operations on June 1, 2013. Its adjusted account balances at May 31, 2014 are shown below. Use this information to prepare the following: a. Income statement for the year ended May 31. b. Statement of changes in equity for the year ended May 31. c. Classified balance sheet at May 31. (select one) Income Statement (select one X X X X X ++++ TT TTT Account Accounts receivable Accumulated depreciation, machinery Accumulated depreciation, trucks Advertising expense Bonds Payable (due October, 2019) Cash Consulting revenue earned Copyright Depreciation expense, machinery Depreciation expense, trucks Dividends Interest earned Interest expense Interest payable Land Long-term investment in shares Machinery Mortgage Payable (due October, 2019) Prepaid advertising Rent earned Rent expense Rent payable Share capital Trademark Trucks Unearned consulting revenue Balance 6,240 720 1,780 7,320 8,430 5,640 6,820 6,890 720 1,780 3,470 3,620 2,800 3,200 6,480 5,550 1,310 11,070 2,660 10.780 3,750 5,340 12,480 5,720 6,780 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity + X X X 2,870 (select one) Balance Sheet (select one X X X X X +++++ 1 1 1 1 1
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