Question: Assest $ 1 5 0 , 0 0 0 , liabilities 5 0 , 0 0 0 , capital is 1 0 0 , 0

Assest $ 150,000, liabilities 50,000, capital is 100,000, revenue is 200,000 and expenses 150,000. Prepare Income Statement, Balance Sheet, Statement of Retained Earnings
- for January 1,2022, to June 30,2022.
- Application of T-Accounts and Trial Balance: Internal process for preparing financial statements.

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