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please help for solving Vision Consulting Inc. began operations on August 1, 2013. Its adjusted account balances at July 31, 2014 are shown below. Use
please help for solving
Vision Consulting Inc. began operations on August 1, 2013. Its adjusted account balances at July 31, 2014 are shown below. Use this information to prepare the following: a. Income statement for the year ended July 31. b. Statement of changes in equity for the year ended July 31. c. Classified balance sheet at July 31. Account Balance Accounts payable 3,240 (select one) Income Statement (select one) Accounts receivable 8,620 Accumulated depreciation, automobiles 550 Accumulated depreciation, equipment 1,830 Advertising expense, 5,250 2,820 Advertising payable Automobiles 3,480 Cash 2,580 Consulting revenue earned 13,370 Copyright 4,240 Depreciation expense, automobiles 550 Depreciation expense, equipment 1,830 Dividends 1,380 Equipment 5.890 Interest earned 1,440 Interest expense 2.900 Land 9,440 Long-term notes payable 11.380 Long-term investment in shares 8,570 Mortgage Payable (due July, 2018) 8,070 Property taxes expense 4,220 Property taxes payable 1,740 Rent earned 7,340 Share capital 9.800 Trademark 5,910 Unearned rent 3,280 X (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one) Step by Step Solution
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