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Courtland Corp. began operations on July 1, 2013. Its adjusted account balances at June 30, 2014 are shown below. Use this information to prepare the
Courtland Corp. began operations on July 1, 2013. Its adjusted account balances at June 30, 2014 are shown below. Use this information to prepare the following: a. Income statement for the year ended June 30. b. Statement of changes in equity for the year ended June 30. c. Classified balance sheet at June 30. (select one) Income Stalernent (select one) x Account Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, building Automobiles Bonds Payable (due August, 2023) Building Cash Commissions earned Consulting revenue cerned Copyright Depreciation expense, automobiles Depreciation expense, building Dividends Land Long-term investment in shares Mortgage Payable (due August, 2023), Rent earned Rent receivable Salanes expense Salaries payable Share capital Halance 6,600 7,370 1,750 810 16,550 11,270 4,020 1,500 5,440 6.100 5.570 1,750 810 3,270 6,860 12,270 6,180 7,690 3,610 7,680 6,270 19,870 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one) +
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