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c) create an adjusted trial balance Also, you can ignore the income statement part. During the year, the company issued common shares for $910. Prepare
c) create an adjusted trial balance
Also, you can ignore the income statement part.
During the year, the company issued common shares for $910. Prepare a statement of income. BLOSSOM SERVICES LTD. Statement of Income For the Month Ended August 31, 2024 Revenues Service Revenue $51,590 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total Expenses Income Before Income Tax Income Tax Expense \begin{tabular}{|r|r|} \hline 2,160 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,670 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,520 & i \\ \hline \end{tabular} $11,770 Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).) During the year, the company issued common shares for $910. Prepare a statement of income. BLOSSOM SERVICES LTD. Statement of Income For the Month Ended August 31, 2024 Revenues Service Revenue $51,590 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total Expenses Income Before Income Tax Income Tax Expense \begin{tabular}{|r|r|} \hline 2,160 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,670 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,520 & i \\ \hline \end{tabular} $11,770 Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).)Step by Step Solution
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