Question
The company needs to prepare a complete worksheet that includes both the income statement and balance sheet. the numbers include 23700 accounts receivable 4800 prepaid
The company needs to prepare a complete worksheet that includes both the income statement and balance sheet. the numbers include 23700 accounts receivable 4800 prepaid insurance 1000 supplies 2000 equipment 16210 accumulated 5240 accounts payable 3500 unearned revenue 3000 notes payable 20000 salary payable 900 capital 68435 service revenue 83495 drawings 10100 salary expense 107600 rent expense 2500 depreciation expense 3242 interest expense 5420 supplies expense 8000. when l calculated the total of the income statement it amounted to $43267. when l calculated the amount for the balance sheet it equaled to $95835. is this correct.
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