E 4 . 1 7 ( LO 4 ) These financial statement items are for Basten Company
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Question:
ELO These financial statement items are for Basten Company at yearend, July
Salaries and wages payable $ Notes payable due after $
Salaries and wages expense Cash
Utilities expense Accounts receivable
Equipment Accumulated depreciationequipment
Accounts payable Owners drawings
Service revenue Depreciation expense
Rent revenue Owners capital beginning of the year
Instructions
a Prepare an income statement and an owners equity statement for the year. The owner did not
make any new investments during the year.
b Prepare a classified balance sheet at July
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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