Data for San Mateo Health Care for January are provided in Problems 3-1 and 3-2. Instructions Prepare

Question:

Data for San Mateo Health Care for January are provided in Problems 3-1 and 3-2.

Instructions

Prepare an income statement, statement of stockholders' equity, and a classified balance sheet for January. The note payable is due in ten years.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...