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QL (40 marks) Using the following partial Estel work sheet for Breakout Mame Co, prepare the income Statement, the Statement of Changes in Equity, and
QL (40 marks) Using the following partial Estel work sheet for Breakout Mame Co, prepare the income Statement, the Statement of Changes in Equity, and an undassified Balmce Sheet for the company. Assume the owner did not make my investment in the business during the you Lasid Inc Wort Sheet For Year Ended June 30, 2019 Statement of Changes in Equity Account Income Statement and Balance Sheet Dr. Cr Dr. Cr. Ceah 11,265 Accounts receivable 1,500 Office supplies 1,300 Prepaid insurance 4,400 Building 120,000 Accumulated depreciation Building 24,000 Notes payable 3,000 Salaries payable 3,160 M. Tomas, capital 65,355 M. Tomas, withdrawals 5,000 Motel rental revenue 55,000 Depreciation expense, Building 3,000 Salaries expense 1,200 Insurance expense 500 Rent expense 1,400 Office supplies expense 300 Repairs expense 400 Telephone expense 250 Totals 7,050 55,000 143,465 95,515 Profit 47,950 47,950 Totals 55,000 55,000 143,465 143,465 of 10 Words: 1,641 wa Type here to search s Income Statement For Year Ended June 30, 2019 LasickInc. Statement of Changes in Equity For Year Ended June 30, 2019 15 f6 f7 00 18 ! 19 f10 A 2 18 9 & 7 8 Lasick Inc. Balance Sheet June 30, 2019 Assets Liabilities and OE Total Assets Total Liabilities and Equity
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