Question: Financial Statements The transactions and integrated financial statement framework for Terry Mason for February 20 Y 4 appear below: Alex Vera organized Succulent Express at


Financial Statements The transactions and integrated financial statement framework for Terry Mason for February 20 Y 4 appear below: Alex Vera organized Succulent Express at the beginning of February 20 Y4. During February, Succulent Express entered into the following transactions: a. Terry Mason invested $34,875 in Succulent Express in exchange for common stock. b. Paid $4,800 on February 1 for an insurance premium on a one-year policy. c. Purchased supplies on account, $3,540. d. Received fees of $52,015 during February. e. Paid expenses as follows: wages, $15,000; rent, $2,500; utilities, $1,250; and miscellaneous, $1,375. f. Paid dividends of $8,715. There was $2,655 of supplies on hand as of February 28 . Einum-ial chatmmnnat Efforth Prenare an inrome atatempnt for Fehrlars. Prepare a balance sheet for February. SUCCULENT EXPRESS
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