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STATUS: THIS EXERCISE IS NOT DONE When you are finished with this exercise, csmge the status to DONE ALT-FINANCIAL STATEMENTS Walston Company Trial Balance 9/30/19
STATUS: THIS EXERCISE IS NOT DONE When you are finished with this exercise, csmge the status to "DONE" ALT-FINANCIAL STATEMENTS Walston Company Trial Balance 9/30/19 CASH ACCOUNTS RECEIVABLE SUPPLIES EQUIPMENT ACCUM. DEPRECIATION ACCOUNTS PAYABLE NOTES PAYABLE CAPITAL, SEPTEMBER 1 SALES COST OF GOODS SOLD OWNER DRAWINGS OPERATING EXPENSES $189,500 16,000 5,000 22.000 2,000 82.500 $15,000 30,000 328,000 192,000 3,000 30,000 S457,500 $457,500 Using the data above, create an income statement, owner's equity statement and balance sheet on 9/30/2019. On the balance sheet, the assets must equal liabilities + owner's equity. Walston Company Walston Company Income Statement For Month Ended 9/30/19 Walston Company Owner's Equity Statement For Month Ended 9/30/19 Balance Sheet 9/30/19 SALES COST OF GOODS SOLD GROSS PROFIT OPERATING EXPENSES NET INCOME CAPITAL, 9/1/19 + NET INCOME FOR SEPTEMBER SUBTOTAL - DRAWINGS CAPITAL, 9/30/19 CASH ACCOUNTS RECEIVABLE SUPPLIES EQUIPMENT ACCUM. DEPRECIATION TOTAL ASSETS ACCOUNTS PAYABLE NOTES PAYABLE TOTAL LIABILITIES WALSTON CAPITAL TOTAL LIAB & OE
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