Jurassic Park Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed

Question:

Jurassic Park Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data.

During February, no events occurred that affected these accounts. But at the end of February, the following information was available.

(a) Supplies on hand                 $715
(b) Monthly depreciation          $257
(c) Accrued interest                  $ 50

Instructions
Reproduce the data that would appear in the February worksheet, and indicate the amounts that would be shown in the January income statement.

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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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