A sole proprietorship was started on January 1, Year 1, when it received $73,500 cash from Marlin
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Question:
A sole proprietorship was started on January 1, Year 1, when it received $73,500 cash from Marlin Jones, the owner. During Year 1, the company earned $50,700 in cash revenues and paid $20,020 in cash expenses. Jones withdrew $4,500 cash from the business during Year 1. Required Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Jones Year 1 fiscal year. I need the income statment, capital statement, balance sheet, and statement of cash flows! This is for Mcgraw hill connect assignment.
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