These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense $2,400 Notes payable
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense $2,400 Notes payable (due after 2023) $1,900 51,400 Cash 14,800) Utilities expense 22.300 Accounts receivable 9,600 Equipment 30,700 Accumulated depreciation-equipment 6,100 Accounts payable 4,600 Owner's drawings 3,900 Service revenite 61.100 Depreciation expense 3,800 Rent revenue 8,100 Owner's capital (beginning of the year) 52.300 (a1) (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) CULLUMBER COMPANY Income Statement Question Part Score (a2) Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. CULLUMBER COMPANY Owner's Equity Statement -16.66 (b) Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity /20
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To solve this we need to create three financial statements an income statement an owners equity stat...See step-by-step solutions with expert insights and AI powered tools for academic success
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