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hello, please solve this properly, T. Roderick organized Harbor Realty. At December 31, 2015, the end of nancial year, the unadjusted trial balance of Harbor

hello, please solve this properly,

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T. Roderick organized Harbor Realty. At December 31, 2015, the end of nancial year, the unadjusted trial balance of Harbor Realty appears as shown below. Harbor Realty Trial Balance December 31 2015 - M Balance Balance Cash and Bank 25,350 Accounts Receivable 38,500 Supplies 3,000 Prepaid Insurance 6,000 Ofce Equipment 51,650 Accumulated DepreciationOfce Equipment 22,000 Land 120,300 Furniture 40,000 Accumulated DepreciationFurniture 24,000 Merchandise Inventory 18,000 Sales Revenue 142,000 Freight cost 2,200 Distribution Expense 12,800 Accounts Payable 32,000 Notes Payable 57,000 Interest Expense 2,500 T. Roderick, Capital 95,320 T. Roderick, Drawing 5,200 Advertising Expense 6,000 Salaries Expense 22,400 Rent Expense 14,200 Utilities Expense 2,715 Miscellaneous Expense l 505 372 320 372 320 Additional information: a. Supplies on hand at December 31, 2015 are $2,000. b. Insurance premiums expired during year are $2,000. c. Depreciation on xed assets @ 10% per annum (pa) d. Merchandise inventory at December 31, 2015 actually on hand was $16,500. e. Salaries accrued but not paid at December 31, 2015 are $450. Requirement: Prepare a multiplestep income statement, a statement of changes in owner's equity and a classied balance sheet for Harbor Reality 5 of December 31, 2015

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