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21 Online teachin x + ment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Financial statements Instructions Accounts, Labels and Amount Descriptions First Question Income Statement Statement of Stockholders' Equity Balance Sheet We-Sell Realty was organized as a corporation on August 1, 20Y7, by the issuance of common stock of $12,000. We-Sell Realty is owned and operated Omar Farah, the sole stockholder. The following statements for We-Sell Realty were prepared after its first month of operations We-Sell Realty Income Statement August 31, 2017 $143.600.00 Sales commissions Expenses: 3 Office salaries expense $88,000.00 > t + ngageNOWv2 | Online teachin X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSess eBook Financial statements Instructions Accounts, Labels and Amount Descripti Instructions Accounts, Labels and Amount Descriptions We Or Accounts Accounts receivable Accounts payable Automobile expense Cash Common stock Sales commissions Miscellaneous expense Rent expense Retained earnings Office salaries expense m/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignment eBook Financial statements Instructions Accounts, Labels and Amount Desc Instructions Accounts, Labels and Amount Descriptions Retained earnings W Or Office salaries expense Supplies Supplies expense Labels Expenses For the Month Ended August 31, 2017 August 31, 2017 Amount Descriptions Balances, August 1, 20Y7 Balances, August 31, 20Y7 Dividends Check My Work 2 more Check My Work uses remaining Bi O NOWV2 | Online teachin x + ssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inp eBook Financial statements Instructions Accounts, Labels and Amount Descriptions First Qu Instructions Accounts, Labels and Amount Descriptions X We of com Amount Descriptions Or prepar Balances, August 1, 20Y7 Balances, August 31, 2017 Dividends Issued common stock Net income Net loss Total assets Total expenses Total liabilities and stockholders' equity Total stockholders' equity Check My Work 2 more Check My Work uses remaining 10 10.00 OWv2 | Online teachin x signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Financial statements Instructions Accounts, Labels and Amount Descriptions First Question Income Statement Statement of Stockholders' Equity Balance Sheet TROVUM, CUIUTTOmvum Oooohpronar First Question a Identify the errors contained within the presented financial statements for We-Sell Realty 1. Which of the financial statement(s) display the correct heading? 2. Which of the financial statement(s) cover a period of time? 3. What is the equation on the balance sheet? 4. What is the correct net income? S This error also affects what other account balance? Check My Work 2 more Check My Work uses remaining Bi Le 10 O 14 + eNOWv2 | Online teachin X Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress= eBook Financial statements First Question Instructions Accounts, Labels and Amount Descriptions Instructions Accounts, Labels and Amount Descriptions First Question 2. Which of the financial statement(s) cover a period of time? 3. What is the equation on the balance sheet? 4. What is the correct net income? S This error also affects what other account balance? 5. What is the correct total for the total assets? S 6. What is the correct total for the liabilities? S Check My Work 2 more Check My Work uses remaining B 10 Online teachin X + hent/takeAssignment Main.do?invoker=&takeAssignmentSession Locator &inprogress=false Book Financial statements Instructions Accounts, Labels and Amount Descriptions First Question Incori Statement Statement of Stockholders' Equity Balance Sheet UTTOTETTON"pom First Question Income Statement b1. Prepare an income statement for the month ended August 31, 2017 Refer to the lists of Accounts, Labels and Amount Descriptions for the exact m of the answer choices for text entries. Be sure to complete the statement heading if there is a net loss, enter that amount as a negative number using minus sign You will not need to enter colons () on the income statement We-Sell Realty Income Statement (Label) Check My Work 2 more Check My Work uses remaining 96F A LCH ii G 10) a O t + ngageNOWv2 | Online teachin X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSess eBook Financial statements Instructions Accounts, Labels and Amount Descripti Instructions Accounts, Labels and Amount Descriptions We Or Accounts Accounts receivable Accounts payable Automobile expense Cash Common stock Sales commissions Miscellaneous expense Rent expense Retained earnings Office salaries expense m/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignment eBook Financial statements Instructions Accounts, Labels and Amount Desc Instructions Accounts, Labels and Amount Descriptions Retained earnings W Or Office salaries expense Supplies Supplies expense Labels Expenses For the Month Ended August 31, 2017 August 31, 2017 Amount Descriptions Balances, August 1, 20Y7 Balances, August 31, 20Y7 Dividends Check My Work 2 more Check My Work uses remaining Bi O NOWV2 | Online teachin x + ssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inp eBook Financial statements Instructions Accounts, Labels and Amount Descriptions First Qu Instructions Accounts, Labels and Amount Descriptions X We of com Amount Descriptions Or prepar Balances, August 1, 20Y7 Balances, August 31, 2017 Dividends Issued common stock Net income Net loss Total assets Total expenses Total liabilities and stockholders' equity Total stockholders' equity Check My Work 2 more Check My Work uses remaining 10 10.00 OWv2 | Online teachin x signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Financial statements Instructions Accounts, Labels and Amount Descriptions First Question Income Statement Statement of Stockholders' Equity Balance Sheet TROVUM, CUIUTTOmvum Oooohpronar First Question a Identify the errors contained within the presented financial statements for We-Sell Realty 1. Which of the financial statement(s) display the correct heading? 2. Which of the financial statement(s) cover a period of time? 3. What is the equation on the balance sheet? 4. What is the correct net income? S This error also affects what other account balance? Check My Work 2 more Check My Work uses remaining Bi Le 10 O 14 + eNOWv2 | Online teachin X Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress= eBook Financial statements First Question Instructions Accounts, Labels and Amount Descriptions Instructions Accounts, Labels and Amount Descriptions First Question 2. Which of the financial statement(s) cover a period of time? 3. What is the equation on the balance sheet? 4. What is the correct net income? S This error also affects what other account balance? 5. What is the correct total for the total assets? S 6. What is the correct total for the liabilities? S Check My Work 2 more Check My Work uses remaining B 10 Online teachin X + hent/takeAssignment Main.do?invoker=&takeAssignmentSession Locator &inprogress=false Book Financial statements Instructions Accounts, Labels and Amount Descriptions First Question Incori Statement Statement of Stockholders' Equity Balance Sheet UTTOTETTON"pom First Question Income Statement b1. Prepare an income statement for the month ended August 31, 2017 Refer to the lists of Accounts, Labels and Amount Descriptions for the exact m of the answer choices for text entries. Be sure to complete the statement heading if there is a net loss, enter that amount as a negative number using minus sign You will not need to enter colons () on the income statement We-Sell Realty Income Statement (Label) Check My Work 2 more Check My Work uses remaining 96F A LCH ii G 10) a O