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Teh following information is for Aubur company, ending balances atter adjustments are as follows. All vom are in AED for Autumn Company on July 31,
Teh following information is for Aubur company, ending balances atter adjustments are as follows. All vom are in AED for Autumn Company on July 31, 2020. CAsh 10,000 Acc Receivable 7,840, Notes payable (due 2025) -5,700; Owner's Drawings- 3,650, Equipment- 23,050, Interest Expense -57. Accumulated deprediation for equipment - 4900, Account Payable-4920 Owner's Capital 37,960: Service revenue 15,590, Salaries and Wages Expense - 10,040; Rent Expense.760, Prepaid Rent - 2,280 Depreciation Expense-650, Interest Payable-57, Intangibles - 7 1. Prepare Adjusted Trial balance, complete worksheet and calculate teh value for Intangibles. 2. Calculate net income from the worksheet (DO NOT PREPARE INCOME STATEMENT) and prepare the statement of the Owner's Capital and the Classified Balance sheet. Explain what information you u may leam from each financial statement 1 A- B 1 Auburn Company Worksheet (partia For teh Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet D
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