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Prepare: a) An Income Statement b) An owner's equity statement. c) A classified balance sheet Please answer as soon as you can. A sincere answer
Prepare:
a) An Income Statement
b) An owner's equity statement.
c) A classified balance sheet
Please answer as soon as you can. A sincere answer would be rated positive instantly. Thank you.
3. Company ended the month of November, 2016 with the Owner's Capital balance of $2,000. The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2016: 1. an income statement. 2. an owner's equity statement. 3. a classified balance sheet. (10 points) Personal Financial Planners Adjusted Trial Balance December 31, 2016 Credit Debit $ 4,900 2,300 1,800 14,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings $ 3,000 3,300 6,000 14,600 2,500 4,500 Service Revenue Supplies Expense Depreciation Expense Rent Expense 700 2,700 2.500 $31,400 $31.400Step by Step Solution
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