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Prepare an income statement, Balance sheet and Owner's equity statement from the below information: Best & Elite Corporation was organized on April 1, 2022. The
Prepare an income statement, Balance sheet and Owner's equity statement from the below information: Best \& Elite Corporation was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below: (a) Determine the net income for the quarter April 1 to June 30. (b) Determine the total assets and total liabilities at June 30, 2022. (c) Determine the amount of owner's capital at June 30, 2022
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