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Question 1-2 Joan Bennish began Bennish Consulting on May 1, 2015, and reported the items below at May 31, 2015. 1. Net loss 2. Rent
Question 1-2 Joan Bennish began Bennish Consulting on May 1, 2015, and reported the items below at May 31, 2015. 1. Net loss 2. Rent expense 3. Rent payable 4. Accounts receivable 5. Joan Bennish's investments in May 6. Interest revenue 7. Joan Bennish, capital, May 1, 2015 8. Repair supplies 9. Notes payable 10. Joan Bennish's withdrawals in May 5 11. Truck 12. Consulting fees earned 13. Joan Bennish, capital, May 31, 2015 2 14. Cash Required: 1. Match each numbered item with the part of the balance sheet on which it should be presented. If the item does not appear on the balance sheet, choose (d) and identify on which financial statement(s) the item would appear. a) Asset b) Liability c) Equity d) Does not appear on the balance sheet 2. Prepare an income statement and statement of changes in equity for the month ended May 31, 2015, and a balance sheet at May 31, 2015
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