Question
Mondrian Company show the following balances. Prepare an Income statement, statement of retained earnings and a balance sheet. Cash 14,900 Accounts receivable 6,200 Supplies 8,400
Mondrian Company show the following balances. Prepare an Income statement, statement of retained earnings and a balance sheet.
Cash 14,900
Accounts receivable 6,200
Supplies 8,400
Equipment 15,900
Accounts payable 2,400
Common stock 22,000
Retained earnings, Dec. 31, Year 1 15,900
Owner Draw 14,200
Consulting revenue 45,200
Rental revenue 17,400
Salaries expense 18,500
Rent expense 16,700
Selling and administrative expenses 8,100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To prepare the financial statements for Mondrian Company well start with the Income Statement then move on to the Statement of Retained Earnings and finally the Balance Sheet Income Statement Mondrian ...
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Step: 2
Step: 3
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
