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C. Required: Using the adjusted trial balance, prepare (a) an income statement. (b) a statement of owner's equity, and (c) a balance sheet for
C. Required: Using the adjusted trial balance, prepare (a) an income statement. (b) a statement of owner's equity, and (c) a balance sheet for Speedy Repair SPEEDY REPAIR Adjusted Trial Balance For the month ended June 30, 20 Accumulated depreciation: garage equipment Cash Accounts receivable Garage equipment Accounts payable Wages payable Retained earnings Capital stock $2.900 12.400 24,000 $ 7,000 9,100 800 15,000 Dividends Repair revenue Rent expense Wages expense Supplies expense Utilities expense. Depreciation expense: garage equipment a) SPEEDY REPAIR Income Statement For the month ended June 30, 20 c) Assets 4,200 1,200 21,000 900 14,000 2,000 100 200 $57.700 $57.700 b) SPEEDY REPAIR Balance Sheet June 30, 20 1200 9.150 Wages SPEEDY REPAIR Statement of Retained Earnings For the month ended June 30, 20 Liabilities and Owner's Equity
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