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Use the following Trial Balance to prepare an Income Statement, Statement of Changes in Equity, and a Balance Sheet. Please use the MGT102 Worksheet
Use the following Trial Balance to prepare an Income Statement, Statement of Changes in Equity, and a Balance Sheet. Please use the MGT102 Worksheet provided in D2L to complete this practical exercise. Wildcat Opticians Trial Balance May 31, 2014 Acct. No. Account Title Debit Credit 101 Cash $18.500 106 Accounts receivable 8,480 124 Office supplies. 6,400 128 Prepaid insurance 9.820 163 Office equipment 25,600 201 Accounts payable $1,600 230 Unearned service revenue 7,800 301 Bo Wildcat, capital 56 300 307 Bo Wildcat, withdrawals. 1.480 403 Services Teyebur 623 Wages experie 640 Kent expense 690 Utilities expense Totaly 25.280 15.000 4.300 1.400 $90.980 $99.980
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