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The following is the adjusted trial balance for Meaney Inc. at its year end, July 31, 2023. The company adjusts its accounts monthly. Note that
The following is the adjusted trial balance for Meaney Inc. at its year end, July 31, 2023. The company adjusts its accounts monthly. Note that $7,500 of common shares were issued during the past year. Instructions A. Prepare a statement of income in good form. (12 marks) B. Prepare a statement of changes in equity in good form. (10 marks) C. Prepare a statement of financial position in good form. (22 marks) D. Calculate and comment on Meaney Inc.'s current ratio and debt to asset ratios. (6 marks)
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