A sole proprietorship was started on January 1, 2018, when it recelved $48,000 cash from Marlin...
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A sole proprietorship was started on January 1, 2018, when it recelved $48,000 cash from Marlin Jones, the owner. During 2018, the company earned $36,900 in cash revenues and paid $18,500 in cash expenses. Jones withdrew $4,500 cash from the business during 2018. Required: Prepare the income statement, capital statement (statement of changes in equity), bolance sheet, and stotement of cash flows for Jones's 2018 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Саpital Statement Balance Sheet Smt of Cash Fis Prepare a balance sheet. MARLIN JONES SOLE PROPRIETORSHIP Balance Sheet As of December 31, 2018 Assets Total assets Liabilites Equity A sole proprietorship was started on January 1, 2018, when it recelved $48,000 cash from Marlin Jones, the owner. During 2018, the company earned $36,900 in cash revenues and paid $18,500 in cash expenses. Jones withdrew $4,500 cash from the business during 2018. Required: Prepare the income statement, capital statement (statement of changes in equity), bolance sheet, and stotement of cash flows for Jones's 2018 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Саpital Statement Balance Sheet Smt of Cash Fis Prepare a balance sheet. MARLIN JONES SOLE PROPRIETORSHIP Balance Sheet As of December 31, 2018 Assets Total assets Liabilites Equity
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Income Statement Amount Revenue 36900 Less Expense 18500 Net Income ... View the full answer
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