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i need answers to this worksheet lastructions Required: 1. Prepare a worksheet for the month of May. 2. Prepare the 3 financial statements - Income
i need answers to this worksheet
lastructions Required: 1. Prepare a worksheet for the month of May. 2. Prepare the 3 financial statements - Income Statement, Statement of Owner's Equity, and Balance Sheet - for the end of May. 3. Journalize the adjusting entries. Adjustment Data: a) Insurance expired, $510.75 b) Disposal supplies on hand, $723 c) Depreciation for the year on disposal equipment is based on the straight-line method, 12-year life, and a residual value of $1,225 d) Depreciation for the year on building is also straight-line, 20 -year life, and a residual value of $25,000 e) Wages earned by employees but not due to be paid untir June amounted to 36 hours at $18 /hour plus 30 hours at $24/ hour Note: There should not be a blank page at the end of the printable. Your General Joumal is on the 2 nd page, The company name is Eco Document Disposal Company. Cloudy Assignment 43 3. 4 Page 1 Step by Step Solution
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