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Your friend has asked you to produce financial statements for his business Mates Incorporated for the year 1 July 2019 to 30 June 2020 .
Your friend has asked you to produce financial statements for his business Mates Incorporated for the year 1 July 2019 to 30 June 2020 . To make your job a little more difficult he has produced his adjusted trial balance in alphabetical order as he was unaware of the proper order. Produce an Income Statement and Balance Sheet (either select from the Drop Down menu or enter an account or number in blank boxes). Do not include punctuation in numerical answers. Expense accounts should be ordered alphabetically. If the business had incurred a loss then add a negative to the amount in the Income Statement (eg -5000)
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