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Eyelash extension company's liabilities as reported on the june 30,2020. balance sheets are shown below, along with its statement of changes in equity. Using the

Eyelash extension company's liabilities as reported on the june 30,2020. balance sheets are shown below, along with its statement of changes in equity.
Using the info given, prepare a corrected statements of changes in equity and liabilites section of the balance sheet.
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Problem 10-9 A Comprehensive LO1, 2, 3, 4 Eyelash Extension Company's liabilities as reported on the June 30, 2020, balance sheet are shown below. changes in equity Accounts payable Notes payable, due 2022 Total liabilities $179,500 481,000 $660,500 Eyelash Extension Company Statement of Changes in Equity For Year Ended June 30, 2028 Jan Suzette, capital, June 30, 2019 Add: Profit Total Less: Withdrawals Tan Suzette, capital, June 30, 2020 $482,000 196.500 $678,500 285 100 $393,400 Jan is selling the business. A potential buyer has hired an accountant to review the accounting records and the discovered Jan is selling the business. A potential buyer has hired an accountant to review the accounting records and the following was discovered a. Eyelash Extension Company began selling a new product line this past year that offered a warranty to customers. It is expected the $48,100 of warranty work will result next year based on first-year sales No entry was prepared on June 30 to show this b. Annual property taxes of $20,100 are due July 31, 2020; the income statement shows only one month of property expense resultin from an entry correctly recorded on July 31, 2019. c. Interest on the notes payable is paid quarterly No entry has been recorded since the last quarterly payment of 58.400 on May t. 2020 d. $16,300 of new office furniture was purchased on account and received on June 28. This transaction has not been recorded. e. Unearned revenue of $21100 has been included on the income statement Required: Using the information provided, prepare a corrected statement of changes in equity and liabilities section of the balance sheet ignore PSTIGST (Round your intermediate calculations and final answers to the nearest whole dollar) EYELASH EXTENSION COMPANY Statement of Changes in Equity For Year Ended June 30, 2020 $ 0 Total EYELASH EXTENSION COMPANY Partial Balance Sheet June 30, 2020 Liabilities Current liabilities $ 0 Total current liabilities Non-current liabilities Total liabilities $

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