Question

Lazy Dog Inc. is a small private company that prepares monthly financial statements from a work sheet. Selected parts of the February work sheet showed the following data:
During February, no events occurred that affected these accounts. At the end of February, the following information is available and relates to the adjustments identified by letter in the work sheet:
1. Supplies on hand, $1,756
2. Monthly depreciation, $257
3. Accrued interest, $50
Instructions
Reproduce the data that would appear in the February work sheet and indicate the amounts that would be shovm in the
February income statement and balance sheet.


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  • CreatedSeptember 18, 2015
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