Question
Jordan Corporation began operations on March 1, 2023. The following data is available for March 31: Accounts payable Accounts receivable Cash Contributed capital Expenses,
Jordan Corporation began operations on March 1, 2023. The following data is available for March 31: Accounts payable Accounts receivable Cash Contributed capital Expenses, excluding income taxes Income taxes, unpaid Inventory Revenues 43,000 22,000 10,000 1,000 80,000 4,000 27,000 95,000 Required: 1. Prepare the income statement for the month ending March 31, 2023. 2. Prepare the balance sheet for March 31, 2023.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
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