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Question 3 [30 points] The trial balance shown below has been prepared for Oppong Corporation as of February 28, 2014, the company's first month of
Question 3 [30 points] The trial balance shown below has been prepared for Oppong Corporation as of February 28, 2014, the company's first month of operations. Use this information to prepare the income statement and statement of changes in equity for the month ended February 28 along with the February 28 balance sheet. Be sure to select the correct company and date for each given financial statement. Oppong Corporation Trial Balance February 28, 2014 (select one) Income Statement (select one) Commissions earned Consulting revenue earned Dividends Equipment Furniture Insurance expense Interest earned Interest expense Property taxes payable Share capital Short-term notes payable Supplies Totals Debit Credit S35,500 89,000 17,500 147,000 89,000 10.000 35,000 14,000 25,000 78,000 58,000 43,000 320,500 320,500 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity + x X Commissions earned Consulting revenue earned Dividends Equipment Furniture Insurance expense Interest earned Interest expense Property taxes payable Share capital Short-term notes payable Supplies Totals Debit Credit 35,500 89,000 17,500 147,000 89,000 10,000 35,000 14.000 25,000 78,000 58,000 43,000 320,500 320,500 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one) X X X X H =||
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