Question: Click Submit to complete this assessment. Question 16 Mr. Wilson started tax services Wilson Tax Consultants with a capital investment of $50,000 on January 1,
Click Submit to complete this assessment. Question 16 Mr. Wilson started tax services "Wilson Tax Consultants with a capital investment of $50,000 on January 1, 2019 in the city of Buffalo. He provides you with the following acco 31 December 2019: Cash $7,400 Prepaid rent $5,500 Accounts receivable 6,510 Utilities expense 2,800 3,000 Rent expense 8,000 Accounts payable Office furniture 9,250 Drawings, Wilson 2,000 Long term bank loan 83,000 General office expenses 4,900 1,250 Office supplies expense Services revenues 1,950 Salaries payable Office equipment 23,160 13,500 Building 100,000 Required: Using the above given information, prepare following financial statements for the Wilson Tax Consultants for the year ended December 31, 2019: a) Income Statement. b) Owner's Equity Statement. c) Classified Balance Sheet. You should copy (Ctrl-c) and paste (Ctrl-v) the appropriate template into the answer area and complete with the necessary information for each financial statement. a) Template for income statement MacBook Pro
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