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Prepare income statement, statement of stockholders equity and balance sheet The accounts that represent the resources of the company are called 2. Below the Adjusted
Prepare income statement, statement of stockholders equity and balance sheet
The accounts that represent the resources of the company are called 2. Below the Adjusted Trial Balance for Certified Answering Service, Inc. at August 31, 2017 This is the month-end for Certified. Prepare the income statement, statement of stockholders equity and a classified balance sheet in good form. Pasadena Answering Service Adjusted Trial Balance August 31, 2017 Cash Accounts Receivable Prepaid Insurance Office Equipment Accum Dep:Office Equipment Accounts Payable Unearned Revenue Common Stock, August 1, 2017 Retained Earnings, August 1, 2017 Dividends Answering Service Revenue Wages Expense Office Supplies Expense Depreciation Exp: Office Equipment Income Taxes Expense $12,800 2,500 200 3,400 $ 600 1,650 1,600 10,530 2,870 400 6,100 3,020 480 450 100 $ 23,350 $ 23,350 Using the classified balance sheet you prepared in #2, calculate: a. Working Capital b. The Current Ratio Step by Step Solution
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