Question: 1. Prepare an income statement. Financial Statements A work sheet for Megaffin's Repairs is shown below. No additional investments were made by the owner during

Megaffin's Repairs is shown below. No additional investments were made by the

owner during the month. lork sheet for Megaffin's Repairs is shown below.

No additional investments were made by the owner during the month. 7.

Prenare a statement of owner's equity. irs is shown below. No additional

investments were made by the owner during the month. Liabilities Current liabilities:

Total current liabilities Owner's Equity. Total liabilities and owner's equity 3

1. Prepare an income statement. Financial Statements A work sheet for Megaffin's Repairs is shown below. No additional investments were made by the owner during the month. lork sheet for Megaffin's Repairs is shown below. No additional investments were made by the owner during the month. 7. Prenare a statement of owner's equity. irs is shown below. No additional investments were made by the owner during the month. Liabilities Current liabilities: Total current liabilities Owner's Equity. Total liabilities and owner's equity 3

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