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I don't know what I'm missing, why the answer is not complete??? Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable A.

I don't know what I'm missing, why the answer is not complete???image text in transcribed

Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable A. Lopez, Withdrawals $ 4,000 3,000 12,000 8,000 200 2,400 3, 500 2,000 Office supplies Rental revenue Advertising expense Prepaid insurance Accounts payable Note receivable Rent expense Unearned revenue $1,500 500 400 1,000 1,300 2,500 2,000 300 Required: 1. Prepare a March Income statement for the business. 2. Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner Invested $11,600 cash in the company on March 1. 3. Prepare a March 31 balance sheet. Hint Use the owner's capital account balance calculated in part 2 Answer is not complete. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a March income statement for the business METRIX Income Statement For Month Ended March 31 Revenues Consulting revenue $ 12,000 Rental revenue 500 $ 12,500 s Total Revenues Expenses: Salaries expense Utilties expense Advertising expense Rent expense 3,000 200 400 2,000 Total Expenses Net income 5,600 6.900 S Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $11,600 cash in the company on March 1. METRIX Statement of Owner's Equity For Month Ended March 31 A Lopez, Capital, February 28 ls Add: Net income 0 6,900 6.900 Less: Withdrawals by owner 2,000 A Lopez, Capital, March 31 4,900 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a March 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2. s 1,300 Assets: Cash Accounts receivable Office Supplies Equipment Notes receivable Prepaid insurance METRIX Balance Sheet As of March 31 Liabilities: 8,000 Accounts payable 3,500Notes payable 1,500 Unearned revenue 4.000 2,500 Total Liabilities 1,000 Equity: A Lopez, Capital 2,400 300 ls 4,000 16,500 Total Assets $ 20,500 Total Liabilities and Equity $ 20,500

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