Question: Nanimahoo Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended March
Nanimahoo Marketing Services has been operating for several years. It showed the following trial balance information (in alphabetical order) for the month just ended March 31, 2014:
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Required
Using the information provided, prepare an income statement and a statement of changes in equity for the month ended March 31, 2014, and a balance sheet at March 31, 2014.
Account Debit Credit 46,000 Accounts payable... Accounts receivable 3 3,000 80,000 17,000 Building Cash.. Fees earned Dee Nanimahoo, capital Dee Nanimahoo, withdrawals.. Land 126,000 122,000 18,000 84,000 50,000 Machinery Notes payable. Office supplies. Office supplies expense. Wages expensec Totals 114,000 3,000 4.0 $408,000 406,000 The $122,000 balance includes $35,000 invested by the owner during March.
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