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Callaho Inc. began operations 2 years ago. Its adjusted account balances at February 28, 2014 are shown below. Callaho Inc. issued shares worth $9,500 during
Callaho Inc. began operations 2 years ago. Its adjusted account balances at February 28, 2014 are shown below. Callaho Inc. issued shares worth $9,500 during February, 2014. Use this information to prepare the following a. Income statement for the month ended February 28, b. Statement of changes in equity for the month ended February 28, c. Classified balance sheet at February 28. (select one) Income Statement (select one) x x x x x Account Accounts receivable Accumulated depreciation, machinery Accumulated depreciation, trucks Advertising expense Advertising payable Cash Consulting revenue earned Copyright Depreciation expense, machinery Depreciation expense, trucks Dividends Interest earned Interest expense Land Long-term notes payable Long-term investment in shares Machinery. Mortgage Payable (due August, 2019). Patents Prepaid interest Rent earned Rent receivable Retained earnings Share capital Short-term notes payable Trucks Balance 4,220 6,050 4,210 8,070 6,060 3,680 9,670 5,830 1.660 1,580 1.840 3,250 3,490 6.490 15.340 6,610 38.130 17.900 3.950 1,080 8.170 2.210 9.150 16.630 12.470 20.060 (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 35F Mostly clear 29 AM 40 ENG 121122 D O
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