4.The completed financial statement columns of the work sheet for Carlos Company are shown below: CARLOS...

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4.The completed financial statement columns of the work sheet for Carlos Company are shown below: CARLOS COMPANY Worksheet For the Year Ended December 31, 2020. Income Statement Balance Sheet Cr. Account No. Account Title Dr. Cr. Dr. 101 Cash $ 6200 112 Accounts Receivable 7500 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Owners' Capital Owners' Drawing 130 1800 157 33,000 167 $ 8600 201 11700 212 3000 301 34000 306 7200 400 622 S 46000 Service Revenue $ 4400 Maintenance &Repairs Expense Depreciation Expense Insurance Expense Salaries Expense Utility Expense 711 2800 722 1200 726 35200 732 4000 Totals 47600 46000 55700 57300 Net loss 1600 1600 476000 47600 57300 57300 Required: Prepare separate Income Statement, Owner's Equity Statement and a Classified Balance Sheet. 4.The completed financial statement columns of the work sheet for Carlos Company are shown below: CARLOS COMPANY Worksheet For the Year Ended December 31, 2020. Income Statement Balance Sheet Cr. Account No. Account Title Dr. Cr. Dr. 101 Cash $ 6200 112 Accounts Receivable 7500 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Owners' Capital Owners' Drawing 130 1800 157 33,000 167 $ 8600 201 11700 212 3000 301 34000 306 7200 400 622 S 46000 Service Revenue $ 4400 Maintenance &Repairs Expense Depreciation Expense Insurance Expense Salaries Expense Utility Expense 711 2800 722 1200 726 35200 732 4000 Totals 47600 46000 55700 57300 Net loss 1600 1600 476000 47600 57300 57300 Required: Prepare separate Income Statement, Owner's Equity Statement and a Classified Balance Sheet.

Answer rating: 100% (QA)

Solution a Income staement for the year ended 31st December Owners Equity statement for the ye... View the full answer