Question: Using your answer from Exercise 1-22, prepare an income statement, statement of changes in equity, and balance sheet for March 2020. Analysis Component: Review Omar?s

Using your answer from Exercise 1-22, prepare an income statement, statement of changes in equity, and balance sheet for March 2020.

Analysis Component: Review Omar?s income statement. Does the profit of $900 represent $900 of cash? Explain.

Exercise 1-22

Liabilities Assets Equity Ali Omar, Capital Explanation of Equity Accounts Payable Accounts

Liabilities Assets Equity Ali Omar, Capital Explanation of Equity Accounts Payable Accounts Cash + Recelvable + Supplies + Equipment Transaction

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