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Courtland Corp. began operations 2 years ago. Its adjusted account balances at February 28, 2014 are shown below. Shares were sold for S4,000 during February,
Courtland Corp. began operations 2 years ago. Its adjusted account balances at February 28, 2014 are shown below. Shares were sold for S4,000 during February, 2014. Use this information to pre a. Income statement for the month ended February 28 b. Statement of changes in equity for the month ended February 28 c. Balance sheet at February 28 Account Balance 5,360 5,250 land Income Statement Accounts receivable Accumulated depreciation, boats Accumulated depreciation, equipment.810x Boats For the Month Ended February 2 46,140 | | Cash Commissions eaned Consulting revenue ea Depreciation expense, boats 4,010 4,120 8,400 X 1,590 d Corp. Dividends Equipment Interest earned Interest expense Land Long-term notes payable Long-term investment in shares Property taxes expense Property taxes payable Rent Retained eamings Share Unearned consulting reve Unearned 1,870 5,020 1,550 3,760 14,650X 19,480X 6,490 | | 4,400 3,170 4,360 11,960 6,120 3,850 7,190 Statement of Changes in Equity Share Retained Total Capital Earnings Equi rtland Corp Balance Sheet 2014
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