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Exercise 4-09 a1,a2-b Monty Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal
Exercise 4-09 a1,a2-b Monty Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year No. Credit 101 Debit $8,600 8,900 16,100 112 157 158 201 208 Monty Company Adjusted Trial Balance July 31, 2019 Account Titles Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,700 4,800 2,200 18,400 23,600 311 320 332 15,600 400 63,200 6,400 429 711 726 6,600 55,900 14,600 732 $126,300 $126,300 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or p Monty Company Income Statement $ Prepare an retained earnings statement for the year. Monty Company Retained Earnings Statement $ Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Monty Company Balance Sheet Assets $ $
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