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I. Fin the information given, popa Decembenementencut (10 points). 4. Based on the adjusted trial balance shown below, prepare an income statement. statement of owners
I. Fin the information given, popa Decembenementencut (10 points). 4. Based on the adjusted trial balance shown below, prepare an income statement. statement of owners equity, and classified balance sheet for Martin Watch Company using quality format and the forms provided on the following pages for the year ended (40 points). Martin Watch Company Adjusted Trial Balance Deecmber 31, 2020 Debit Credit Cash $18.000 Accounts Receivable 30.000) Prepaid Insurance 9.000 Office Supplies 3.200 Building 165.000 Accumulated Depreciation Building 12.000 Equipment 88,000 Accumulated Depreciation Equipment 8.500 Land 45,000 Accounts Payable 12.000 Salaries Payable 2,000 Unearned Service Revenue 25,000 Long-term Notes Payable 100,000 Martin. Capital 21.290 Martin, Withdrawals 25,840 Service Revenuc 325.000 Salaries Expense 63.000 Depreciation Expense - Building 5.000 Depreciation Expense Equipment 1.250 Supplies Expense 15,000 Insurance Expense 14,500 Utilities Expense 23.000 Totals S505.790 $505,790 TI. Fica e inimio g.ver.prepare a December State Osner's Buty (10 points)
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