Question
Delightful Arrangements has just completed operations for the year ended December 31, 2019. This is the third year of operations for the company. The following
Delightful Arrangements has just completed operations for the year ended December 31, 2019. This is the third year of operations for the company. The following data has been assembled for the business: Insurance Expense 2,000 Salary Expense 37,000 Service Revenue 80,000 Accounts Payable 4,300 Utilities Expense 500 Office Supplies 1,500 Rent Expense 11,000 Richards, Withdrawals 4,500 Richards Capital 1/1/19 13,300 Accounts Receivable 7,500. Cash 7,000 Equipment 26,600 Prepare the income statement, statement of owner's equity, and balance sheet of Delightful Arrangements for the year ended December 31, 2019. Be sure to add the statement headers.
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