Question
Saved Media Marketing Services has been operating for several years. It showed the following trial ba for the month just ended March 31, 2023:
Saved Media Marketing Services has been operating for several years. It showed the following trial ba for the month just ended March 31, 2023: Account Accounts payable Accounts receivable Building Cash Revenue Sam Smith, capital* Sam Smith, withdrawals Land Machinery Notes payable Office supplies Office supplies expense Wages expense Totals Debit Credit $ 56,000 $ 4,000 90,000 22,000 149,000 132,000 23,000 94,000 60,000 124,000 4,000 8,000 156,000 $461,000 $461,000 *The $132,000 balance includes $45,000 invested by the owner during March. Required: Using the information provided, prepare an income statement and a statement of changes 2023, and a balance sheet at March 31, 2023. Revenues: MEDIA MARKETING SERVICES Income Statement For Month Ended March 31, 2023 Operating expenses: 0 Total operating expenses
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
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