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SuperGym Inc. operates a gymnasium and receives its revenue by providing gym services to members. The following represents the fully adjusted trial balance of SuperGym
SuperGym Inc. operates a gymnasium and receives its revenue by providing gym services to members. The following represents the fully adjusted trial balance of SuperGym Inc. at March before the closing entries for the quarter ended March :
tableDebit,CreditAccounts receivable,$Accounts payable,,Accumulated depreciation: Equipment,,Administrative expenses,Bank loan payable due September CashContributed capital,,
During the year $ shares were issued
Opening retained earnings where $ Dividends declared and
paid during the year were $
Represnts the ammount supplies on hand at the end of march
Required:
Prepare a classifed statment of earnings for the quarter ended march
Prepare a statemnt of changes in shareholders equity for the quarter ended march
Prepare a classified statement of financial position as at march
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