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Section 2 Accounting Applications What are three financial statements that keep-Fit Center will need to present in a way that is useful to Mullin and

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Section 2 Accounting Applications What are three financial statements that keep-Fit Center will need to present in a way that is useful to Mullin and to the bank? To answer this question, use the financial statement items and amounts listed below from the records of Keep-Fit Center for the year ended April 30, 2014, the company's first year of operations, and prepare the following: Income statement statement of owner's equity balance sheet For examples of the statements, refer to Exhibit 10. Accounts payable Accounts receivable Cash Equipment Fees revenue Investment by J. Mullin Marketing expense Salaries expense Salaries payable Rent expense Supplies Supplies expense Utilities expense Withdrawals $ 19,000 104,000 111,000 47,000 375,000 100,000 18,000 172.000 78,000 91.000 2,000 6,000 11,000 10,000

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