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ONLY NEED THE INCOME STATEMENT, STATEMENT OF RETAINED EARNINGS, AND A BALANCE SHEET, WILL THUMBS UP! THANK YOU ! 6-a. Prepare an income statement 6-b.
ONLY NEED THE INCOME STATEMENT, STATEMENT OF RETAINED EARNINGS, AND A BALANCE SHEET, WILL THUMBS UP! THANK YOU !
6-a. Prepare an income statement 6-b. Prepare statement of retained earnings. 6-c. Prepare a balance sheet. a. Borrowed $19 cash on July 1, 2021, signing a six-month note payable. b. Purchased equipment for $20 cash on July 2 . c. Issued additional shares of common stock on July 3 for $5. d. Purchased additional equipment on August 4,$3 cash. e. Purchased, on account, supplies on September 5 for future use, $10. f On December 6 . recorded revenues in the amount of $63, including $9 on credit and $54 received in cash. g. Paid salaries and wages expenses on December 7,$21. h. Collected accounts receivable on December 8,$8. i. Paid accounts payable on December 9.$11. 1. Received a $3 deposit on December 10 for work to start January 15, 2022. Data for adjusting journal entries on December 31: k. Amortization for 2021, $3. 1. Supplies of $4 were counted on December 31, 2021. m. Depreciation for 2021,$2. n. Accrued interest on notes payable of $2. 0 . Salaries and wages earned but not yet paid, $3. p. Income tax for 2021 was $8 and will be paid in 2022Step by Step Solution
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