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Prepare the Income Statement, Statement of Changes in Equity and Balance Sheet for the year ended 30 June 20x1 Account balances at the end of
Prepare the Income Statement, Statement of Changes in Equity and Balance Sheet for the year ended 30 June 20x1 Account balances at the end of June 20x0: Accounts Payable Accounts Receivable 122,000 79,600 Capital Cash at Bank Computer ? 623,000 72,000 Equipment 385,200 Inventory 1,808,000 Loan (Payable in 5 years) 202,600 Supplies 64,000
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