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From the adjusted trial balance provided, properly prepare the following annual statements: 1 ) Income Statement, 2 ) Statement of Equity, and 3 ) classified
From the adjusted trial balance provided, properly prepare the following annual statements: Income Statement, Statement of Equity, and classified Balance Sheet. Scan completed assignment into one document; free at SLCC Library.
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The adjusted trial balance capital amount would include both the beginning balance and any new owner contribution for the period. To break out owner's capital for the Statement of Equity, assume that beginning owner's capital was $
tableBrinney Irrigation SystemAdjusted Trial BalanceDecember Account Title,,,CreditCash$
tableAccount Title,Debit,CreditCashAccounts Receivable,Office Supplies,Prepaid Insurance,BuildingAccumulated DepreciationBuilding,,EquipmentAccumulated DepreciationEquipment,,Accounts Payable,,Interest Payable,,Salaries Payable,,Unearned Revenue,,Notes Payable longtermBrinney Capital Brinney Withdrawals,Service Revenue,,Insurance Expense,Salaries Expense,Supplies Expense,Intaract Eunanca,
tableAccumulated DepreciationEquipment,,Accounts Payable,,Interest Payable,,Salaries Payable,,Unearned Revenue,,Notes Payable longtermBrinney Capital Brinney Withdrawals,Service Revenue,Insurance Expense,Salaries Expense,Supplies Expense,Interest Expense,Depreciation ExpenseEquipment,$
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