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Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Ming
Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.
Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Owner's Capital Service Revenue Cash Accounts Receivable Supplies Prepaid Insurance Equipment Owner's Drawings Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Rent Expense Utilities Expense Debit $ 5,360 480 920 720 12.000 500 160 700 240 7,400 960 450 $29,890 Credit $ 700 4,440 790 300 11.200 12,460 $29,890 Determine the net income for the quarter April 1 to June 30. Net income $ eTextbook and Media Determine the total assets and total liabilities at June 30, 2020, for Ming Company. Ming Company Total assets $ Total liabilities $ eTextbook and Media Determine the amount that appears for Owner's Capital at June 30, 2020. Owner's capital, June 30 $Step by Step Solution
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