Question: Malesherbes Company s adjusted trial balance on June 30 2014 contains
Malesherbes Company’s adjusted trial balance on June 30, 2014, contains the following accounts and balances: C. Fondren, Capital, $12,750; C. Fondren, Withdrawals, $580; Service Revenue, $6,300; Rent Expense, $900; Wages Expense, $1,050; Utilities Expense, $300; and Telephone Expense, $90. Prepare an income statement and statement of owner’s equity for the month of June.
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