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Nothing to say Financial data for Safety Hire as of 30 June 2019 are: Accounts receivable $ 63000 Wages expense $ 75 000 Equipment hire

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Financial data for Safety Hire as of 30 June 2019 are: Accounts receivable $ 63000 Wages expense $ 75 000 Equipment hire income 170 000 Advertising expense 30 000 Accounts payable 40 000 Land 75 000 Michael Donato, capital ? Hire equipment 180 000 Cash at bank 45 000 Loan payable 50 000 Mortgage payable 130 000 Electricity expense 18 000 Building 85 000 Telephone expense 7 500 Required: Prepare an income statement for the month of June and a balance sheet in account format for Safety Hire as at 30 June 2019. (10 marks)

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