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Presented in alphabetical order, the following data are from the accounting records of Monty Corporation, a public company, at April 30, 2021: Accounts payable $64,000
Presented in alphabetical order, the following data are from the accounting records of Monty Corporation, a public company, at April 30, 2021:
Accounts payable | $64,000 | |
Accounts receivable | 47,000 | |
Accumulated depreciationequipment | 69,000 | |
Accumulated other comprehensive income | 12,000 | |
Bonds payable, due 2025 | 150,000 | |
Cash | 100,480 | |
Common shares (no par value, unlimited authorized, 200,000 issued) | 300,000 | |
Depreciation expense | 21,000 | |
Dividend revenue | 10,000 | |
Equipment | 210,000 | |
Income tax expense | 81,060 | |
Income tax payable | 25,000 | |
Interest expense | 7,400 | |
Interest receivable | 1,680 | |
Interest revenue | 3,360 | |
Investment in associate | 140,000 | |
Investment Income or (Loss) | 3,000 | |
Investments at amortized cost, bonds due 2023 | 24,000 | |
Investments at FVTOCIequity | 280,000 | |
Investments at FVTPLbonds | 60,000 | |
Investments at FVTPLequity | 15,000 | |
OCIholding gain or (loss), net of $3,600 tax | (11,000) | |
Rent expense | 72,000 | |
Retained earnings | 114,260 | |
Salaries expense | 230,000 | |
Service revenue | 550,000
|
Prepare a statement of comprehensive income for April 30, 2021.
Prepare a balance sheet at April 30, 2021
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