Using your answer from Exercise 1-19, prepare an income statement, a statement of changes in equity, and
Question:
Analysis Component: Identify which assets were financed by: |
a. Liabilities |
b. Owner investment |
c. Net income |
Also identify the amount(s) for each. |
Transcribed Image Text:
Mailin Moon-Freelance Writing Income Statement For Month Ended March 31, 2014 Revenues:. Salaries expense Rent expense. Mailin Moon-Freelance Writing Statement of Changes in Equity For Month Ended March 31, 2014 Add: Investments by owner Mailin Moon-Freelance Writing Balance Sheet March 31, 2014 Assets Liabilities Cash. Accounts payable Supplies... Equipment Equity Mailin Moon, capital. Total liabilities and equity....
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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