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QUESTION IN PICTURE Example Two: Account Title Cash $14,200 Accounts receivable 3,400 Office supplies 1,200 Furniture 11,000 Accumulated depreciation - furniture Building 230,000 Accumulated depreciation
QUESTION IN PICTURE
Example Two: Account Title Cash $14,200 Accounts receivable 3,400 Office supplies 1,200 Furniture 11,000 Accumulated depreciation - furniture Building 230,000 Accumulated depreciation - building Accounts payable Salary payable Unearned service revenue Owners' equity Withdrawals 8,500 Service revenue Material expense 17,500 Salary Expense 10,000 Miscellaneous expense 1,800 $297,600 Required: Prepare: A) Income Statement B) Owner's Equity C) Balance Sheet ABC Company Trial Balance July 30th, 20XX Debit Balance Credit $1,000 100,000 2,000 2,300 1,500 143,800 47,000 $297,600Step by Step Solution
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