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Cowboy Company has the following account balances as of the close of business August 30 of the current year: Accounts Name Balance Account Name Balance
Cowboy Company has the following account balances as of the close of business August 30 of the current year:
Accounts Name | Balance | Account Name | Balance |
---|---|---|---|
Service Fees Earned | $62,400 | Accounts Payable | $7,500 |
Accounts Receivable | 12,500 | Supplies | 6,400 |
Notes Payable | 10,000 | Insurance Expense | 2,300 |
Building | 24,600 | Cash | 24,530 |
Salaries Expense | 8,250 | Utilities Expense | 1,870 |
Rent Expense | 2,100 | J. Doe, Capital (8/1) | 2,900 |
J. Doe, Withdrawals | 250 |
No additional investments were made during August. REQUIRED:
A. Prepare the Income Statement for the month of August.
B. prepare the Statement of Owner's Equity for the month
C. prepare the Balance Sheet for the month
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