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I'm trying to figure out where I keep making mistakes on question #1 and #2. Any help getting the correct answer would be appreciated! :)
I'm trying to figure out where I keep making mistakes on question #1 and #2. Any help getting the correct answer would be appreciated! :) (My answers are to the right of the original question)
1 Prepare the Statement of Oners Equity for Company BGE, this is for the Month Ending October 31, 2018 You have been provided the following information Net income (Month of October) Cash Drawing Capital Beginning Accounts Receivable Salary Payable $ 27,500 $5,800 $ 1,600 $ 79,200 4,300 2,100 BGE Statement of Owners Equity For the Month October 31, 2018 Beginning Investment Income Drawing Ending $79,200 $79,200 $27,500 ($1,600) $105,100 2 Using the following accounts prepare the Classified Balance Sheet for Company KRG for Feb 28, 2019 Salary payable Cash Capital Accounts Receivable Unearned Revenue Supplies Common Stock Equipment Accounts Payable Accumulated Depreciation Notes Payable (Due May 2021 4,300 $ 26,500 32,500 $ 23,400 4,600 $ 5,800 22,400 $ 44,000 $ 7,200 $2,200 $26,500 KRG Classified Balance Sheet For the Month Feb 28, 2019 Assets Liabilities Equity Cash AR Supplies $26,500 Salary payable $ 4,300 Capital $32,500 23,400 Accounts Payable 7,200 Total$32,500 $5,800 Unearned Reven $ 4,600 Common Stock 22,400 Notes Payable $ 26,500 $44,000 Accumulated De 2,200 $ 44,800 Equipment Total Total $122,100 Tota$77,300Step by Step Solution
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