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MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account Debit Credit 101 Cash $ 27,300 124
MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:
No. | Account | Debit | Credit | ||||
101 | Cash | $ | 27,300 | ||||
124 | Shop supplies | 1,450 | |||||
128 | Prepaid insurance | 3,500 | |||||
167 | Equipment | 84,500 | |||||
168 | Accumulated depreciation, equipment | $ | 6,800 | ||||
201 | Accounts payable | 18,300 | |||||
210 | Wages payable | 8,160 | |||||
301 | Mike Yang, capital | 133,000 | |||||
302 | Mike Yang, withdrawals | 32,500 | |||||
401 | Repair revenue | 151,330 | |||||
612 | Depreciation expense, equipment | 7,800 | |||||
623 | Wages expense | 103,800 | |||||
637 | Insurance expense | 1,550 | |||||
640 | Rent expense | 48,850 | |||||
650 | Office supplies expense | 4,100 | |||||
690 | Utilities expense | 2,240 | |||||
Totals | $ | 317,590 | $ | 317,590 | |||
There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023.
Prepare a statement of changes inequity for the year ended December 31, 2023.
Prepare a balance sheet at December 31, 2023.
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