Question

Use your answer from Exercise E4- 17 to prepare Telegraphic Link’s financial statements.


Additional information at November 30, 2014:
a. Accrued service revenue, $ 600.
b. Depreciation, $ 300.
c. Accrued salaries expense, $ 800.
d. Prepaid rent expired, $ 500.
e. Office Supplies used, $ 100.

Requirements
1. Complete the income statement for the month ended November 30, 2014.
2. Complete the statement of retained earnings for the month ended November 30, 2014. Assume beginning Retained Earnings was $ 0.
3. Complete the unclassified balance sheet as of November 30, 2014. Use the ­accountform.


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  • CreatedJanuary 16, 2015
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