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Wells Company was started on November 1, 2022 by Jane Wells. The company owns and manages an apartment building. Using the adjusted account balances
Wells Company was started on November 1, 2022 by Jane Wells. The company owns and manages an apartment building. Using the adjusted account balances below, prepare IN GOOD FORM the Income Statement, Owner's Equity Statement and Balance Sheet for the month ended November 30, 2022. Use correct statement headings, columns, dollar signs and underlining. Advertising Expense Accounts Payable Accounts Receivable Accumulated Depreciation: Equipment 3,000 4,500 7,700 4,000 Cash Depreciation Expense Equipment Insurance Expense Interest Expense 5,150 7,000 18,000 1,600 1,400 Interest Payable Management Revenue Miscellaneous Expense Notes Payable Prepaid Insurance Rent Expense Salaries Expense 500 6,000 800 6,000 1,300 1,500 18,700 Salaries Payable 3,750 Service Revenue 39,000 Owner's Capital 10,000 Owner's Drawing 5,000 Supplies 1,250 Supplies Expense 2,850 Unearned Revenue 2,500 Utilities Expense 1,000
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