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On October 1, 2014, Kevin Smith organized a new corrpany called Weber Inc. On the last day of that month, the company's records showed the
On October 1, 2014, Kevin Smith organized a new corrpany called Weber Inc. On the last day of that month, the company's records showed the items listed below. Use this information to prepare the October income statement and statement of changes in equity as well as the balance sheet at October 31 for Weber inc. Account Balanga) Complete the income statement using the format provided Accounts payable 62.500 were one Commissions samed 37.500 Income Statement Consulting revenue earned 78,000 (select one! Dividends 37.000 Revenues Equipment 156,000 Interesteamed 22.000 Total revenues Interest ons 19,500 Expenses Interest payable 34,500 X Land 119.000 Total expenses Notes receivable 101.000 Office salaries experise 65.000 Property taxes payable 50.500 ) Complete the statement of changes in equity using the format provided Rent camed 113 000 select one Share capital 92.500 Statement of Changes in Equity Short-term notes payable 135.500 select) Store supplies expense 79,500 Share Retained Total Supplies 50,000 Capital Earings Equity c) Complete the Balance Sheet (select one) Balance Sheet elect Assets Liabilities X Totalt Total abilities Equity Total equity Total abities and equity
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