Question: A) Use the following partial work sheet from Matthew Lanes to prepare its income statement, statement of changes in equity and confied statement of financial
A) Use the following partial work sheet from Matthew Lanes to prepare its income statement, statement of changes in equity and confied statement of financial position (Asseme the owner did not make any investments in the business this year.) B) Calculate the current ratio. MATTHEWSLANDS Work Sheet For Youre 30 Account Adjusted Trial Balance Dr CE CH 11.275 Accounts Receivable 1.750 100 Office Supplies Prepaid Insurance 3.400 130,000 21.700 Scoring Equipment Accumulated depreciation Sering equipment , Salaries payable 200 50,000 M. Mathes. Cal M. NewWithdrawal Bowling ent 10,025 LOD Salaries Expense Ince 200 LGB Rentgene Office 030 150 Read Teen Tot 2015 24.575
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