Question
March Transactions 1-thg 3 Performed car repair services and received cash at the time of sale, $4,510. 4-thg 3 Paid wages and salaries for $2,230,
March Transactions 1-thg 3 Performed car repair services and received cash at the time of sale, $4,510. 4-thg 3 Paid wages and salaries for $2,230, part of which was accrued in February. 10-thg 3 Issued stock to new investors, $12,500. 15-thg 3 Made the interest payment on all notes, all is accrued in interest payable. 15-thg 3 Paid annual income taxes that was accrued in income taxes payable. 20-thg 3 Made a monthly payment on the equipment note, $65. 22-thg 3 Paid cash for advertising, $145. 27-thg 3 Performed car repair services on account, $4,075. 30-thg 3 Paid dividends to owners, $380. March Adjusting Entries 31-thg 3 The estimated depreciation on building and equipment is $770. 31-thg 3 One month of rent has expired, $850. 31-thg 3 The annual interest rate is 4% on all notes and paid quarterly. Round to the nearest dollar. 31-thg 3 Accrued wages and salaries worked in March that will be paid 4-4, $1,705. 31-thg 3 The estimated income taxes for the month is $725.
- Prepare the following Quarterly financial statements:
- a) Income Statement for quarter ended March 31
- b) Statement of Stockholders Equity for quarter ended March 31
- d) Statement of Cash Flows for quarter ended March 31
- Extra Credit: Create a financial statement package for the quarterly consolidated financial statements (include March balance sheet) and save as one pdf file.
That's all information I have. No quater data
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