Question: 3 [35 points] On October 1, 2014, Jack Tasker organized a new company called Courtland Corp. On the last day of that month, the company's

3 [35 points] On October 1, 2014, Jack Tasker organized a new company called Courtland Corp. On the last day of that month, the company's records showed the amsted below. Use this information to prepa income statement and statement of changes in equity as well as the balance sheet at October 31 for Courtland Corp Account B) Complete the income statement using the format provided Building 90,500 Consulting revenue samed 49.000 Dividends 12.000 Equipment 62.500 Ravenues Fuminure 54,500 Interesteamed 27,500 Total revenues 18.000 Expenses Land $11,500 Office salaries expense 75,000 Total expenses Property taxes payable 25,000 Renteamed 72,500 b) Complete the statement of changes in equity using the format provided Share capital 131,000 Shon-term notes payable 137,500 Store supplies exper 25,000 Sam of Change Equity Cla 0 Share Retained Total Capital Earings Fouly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!