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Current Attempt in Progress On October 1, 2024, Sheffield Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at October 31

image text in transcribedCurrent Attempt in Progress On October 1, 2024, Sheffield Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at October 31 follow: {:[" Utilities expense ",$2","100],[" Service revenue ",38","350],[" Accounts receivable ",8","700],[" Interest expense ",2","900],[" Salaries expense ",3","850],[" Vehicles ",48","000],[" Accounts payable ",7","900],[" Income tax expense ",1","700],[" Supplies ",4","500],[" Dividends declared ",7","300],[" Common shares ",34","950],[" Cash ",21","250],[" Bank loan payable ",27","000],[" Repair and maintenance expense ",5","900],[" Supplies expense ",2","000]:} (a1) Your answer is correct. Prepare a statement of income for the month of October. (a2) Prepare a statement of changes in equ

On October 1, 2024, Sheffield Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at October 31 follow: (a1) Your answer is correct. Prepare a statement of income for the month of October. (a2) Prepare a statement of changes in equity for the month of October

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