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Callaho inc. began operation 2 y ear ago its adjusted account balance at june 30 , 2014 are shown below. Callaho inc. issued shares worth
Callaho inc. began operation 2 y
ear ago its adjusted account balance at june 30 , 2014 are shown below. Callaho inc. issued shares worth $3000 during june 2014 . Use this information to pre pare following: a. Income statement for the month ended june 30 b. statement of changes in equity for the month ended june 30 c. classified balance sheet at june 30
Income Statement (select one) Revenues Commissions earned Consulting revenue earned Interest earned Rent earned Total revenues Expenses X Account Accounts payable Accounts receivable Accumulated depreciation, building. Accumulated depreciation, trucks Bonds Payable (due July, 2021). Building Cash X Commissions earned X Consulting revenue earned Depreciation expense, building. Depreciation expense, trucks Dividends X Interest earned Interest expense Interest receivable Land Long-term notes payable Long-term investment in shares Patents X Rent earned Rent receivable Retained earnings Salaries expense. Salaries payable Share capital Trucks Balance 7,030 3,450 5,930 7,700 8,700 36,690 3,710 8,840 6,620 1,200 1,810 2,770 3,350 1,280 2.140 13.340 12,850 9,900 3,160 6.130 2.440 16,360 11.940 8,100 10.970 8,750 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X X X (select one) Balance Sheet (select one) X X X X X X X
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