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From the completed worksheet in Exercise E4-3A , prepare the

From the completed worksheet in Exercise E4-3A , prepare the following: a. An income statement for December

Question:

From the completed worksheet in Exercise E4-3A, prepare the following:
a. An income statement for December
b. A statement of owner’s equity for December
c. A balance sheet as of December 31, 2020

J. REVERE TRIAL BALANCE DECEMBER 31, 2020 Dr. Cr. Cash 400 1000 700 10 00 2000 Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable J. Revere, Capital J. Revere, Withdrawals Revenue from Clients 600 1200 600 300 4600 Rent Expense Wage Expense 900 |기00

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...

Transcribed Image Text:

J. REVERE TRIAL BALANCE DECEMBER 31, 2020 Dr. Cr. Cash 400 1000 700 10 00 2000 Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable J. Revere, Capital J. Revere, Withdrawals Revenue from Clients 600 1200 600 300 4600 Rent Expense Wage Expense 900 |기00 |기0|00 7000

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a b c Revenue Revenue From Clients Operating Expenses Rent ...View the full answer

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College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

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Question Posted: Dec 17, 2019 07:37 AM

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