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On February 1, 2014, Joseph Stiler organized a new company called Courtland Corp. On the last day of that month, the company's records showed the
On February 1, 2014, Joseph Stiler organized a new company called Courtland Corp. On the last day of that month, the company's records showed the terms listed below. Use this information to prepare the February income statement and statement of changes in equity as well as the balance sheet at February 28 for Courtland Corp Balancea) Complete the income statement using the format provided. Account Accounts payable 52,500 Cash 138,000 (select one) Income Statement Commissions eamed 48.000 Consulting revenue eamed 123,500 Revers Dividends 33,500 Furniture 271,000 Total revenues Insurance expense 31,000 Expenses Interest eamed 33.500 Interest expense 22.500 Total expenses Interest payable. 11,500 Office salaries expense 68,000 Rent eamed, Share capital Short-term notes payable 119,500 Utities expense 68,000 76,000 b) Complete the statement of changes in equity using the format provided 167,500 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity c) Complete the Balance Sheet (select one) Balance Sheet elect one) Assels Total assets Total Equity Total equity Total abilities and equity
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