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Dylex Corporation began operations on July 1, 2013. Its adjusted account balances at June 30, 2014 are shown below. Use this information to prepare
Dylex Corporation 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 30.1 c Classified balance sheet at June 30. Account Balance Accounts receivable 3,500 Accumulated depreciation, automobiles 1,410 Accumulated depreciation, equipment 680 Automobiles 9,510 Cash 3,830 Consulting revenue earned 6,320 Depreciation expense, automobiles 1,410 Depreciation expense, equipment 680 Dividends 2,500 Equipment 2,960 Interest earned 2,180 Interest expense 2,520 Interest receivable 1,150 Land 7,130 Long-term notes payable 13,150 Long-term investment in shares 7,510 Mortgage Payable (due June, 2021) 10,960 Patents 7,420 Prepaid rent 1,320 3.300 (select one) Income Statement Eselect one) (select one) Statement of Changes in Equity (select one) Share Retained Total Equity Capital Earnings
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