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Presented below is the adjusted trial balance of DELTA Company as of June 30, 2020 the end of its fiscal year. The owner invested $20,000
Presented below is the adjusted trial balance of DELTA Company as of June 30, 2020 the end of its fiscal year. The owner invested $20,000 cash into the company during the year. The company is required to make a $4,000 payment on the note on August 31, 2020. Credit Debit $ 9,000 8.100 3.100 175,000 101 126 128 167 168 201 203 210 230 251 301 302 401 612 623 633 637 640 652 683 684 $ 18,000 49,700 200 2,200 2,000 90,000 66,900 Cash...... Supplies Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Interest payable Wages payable Unearned revenue. Long-term notes payable Carter, capital Carter, withdrawals Fees earned Depreciation expense, equipment. Wages expense Interest expense Insurance expense Rent expense Supplies expense Business tax expense Repairs expense Utilities expense Totals...... 4,000 137,000 18,000 43,600 2,400 11,500 48.800 9.900 8.400 6,700 17,500 $366.000 690 $366.000 Required: Prepare, for the year ended June 30, 2020: 1. An income statement. 2. A statement of owner's equity. 3. A classified balance sheet
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