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Paragraph Styles Using the following partial Excel work sheet for Breakout Maze Co., prepare the Income Statenient, the Statement of Changes in Equity, and an
Paragraph Styles Using the following partial Excel work sheet for Breakout Maze Co., prepare the Income Statenient, the Statement of Changes in Equity, and an unclassified Balance Sheet for the company. Assume the owner did not make any investments in the business during the year. Lasicks Inc. Work Sheet For Year Ended June 30, 2019 Statement of Changes in Equity Account Income Statement and Balance Sheet Cr. Dr. Cr. Cash 11,265 Accounts receivable 1,500 Office supplies 1,300 Prepaid insurance 4,400 Building 120,000 Accumulated depreciation, Building I 24,000 Notes payable 3,000 Salaries payable 3,160 M Tomas, capital 65,355 M, Tomas, withdrawals 5,000 Motel rental revenue 55,000 Depreciation expense, Building 3,000 Salaries expense 1,200 Insurance expense 500 Rent expense 1,400 Office supplies espense 300 Repairs expense 400 Telephone expense 250 Totals 7,050 55,000 143,465 95,515 Profit 47,950 47,950 Totals 55,000 55,000 ,143,465 143,465 ates)
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