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cash $17 Account Receivables 9,4 Prepaid studio rent 3,0 Unexpired insurance 7,2 Supplies 5,0 Equipment 18. 7,200 Accumulated dep equipment Notes payable Accounts Payables Salaries
cash $17
Account Receivables 9,4 Prepaid studio rent 3,0 Unexpired insurance 7,2 Supplies 5,0 Equipment 18. 7,200 Accumulated dep equipment Notes payable Accounts Payables Salaries payable Income taxes payable Unearned studio revenue Capital stock Retained earnings Dividends 10,000 3,200 4.000 6,000 8.800 100.000 40,000 6,0 Service Revenue Earned Salaries expense Your Registration No. 85, SE2003 - Principle of Accounting-I Page 2 of 4 Supply expense 3,9 Rent expense 12, Insurance expense 1,9 Advertising expense Depreciation expense: equipment 500 1,8 Interest expense Income taxes expense 900 23, Total $34 $344,200 quired: Prepare an Income Statement for the year ended August 31, 2017. Statement of Retained Earnings for the year ended August 31, 2017 Also, prepare the Balance Sheet dated August 31, 2017 Account Receivables 9,4 Prepaid studio rent 3,0 Unexpired insurance 7,2 Supplies 5,0 Equipment 18. 7,200 Accumulated dep equipment Notes payable Accounts Payables Salaries payable Income taxes payable Unearned studio revenue Capital stock Retained earnings Dividends 10,000 3,200 4.000 6,000 8.800 100.000 40,000 6,0 Service Revenue Earned Salaries expense Your Registration No. 85, SE2003 - Principle of Accounting-I Page 2 of 4 Supply expense 3,9 Rent expense 12, Insurance expense 1,9 Advertising expense Depreciation expense: equipment 500 1,8 Interest expense Income taxes expense 900 23, Total $34 $344,200 quired: Prepare an Income Statement for the year ended August 31, 2017. Statement of Retained Earnings for the year ended August 31, 2017 Also, prepare the Balance Sheet dated August 31, 2017Step by Step Solution
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