Question: help me please 1 1 . 2 1 3 1 . 4 3. These financial statement items are for Nazir Company at year-end, July 31,

help me please help me please 1 1 . 2 1 3 1 . 4

1 1 . 2 1 3 1 . 4 3. These financial statement items are for Nazir Company at year-end, July 31, 2019. Salaries payable $1,040 Note payable (long-term) $900 Salaries expense 25,850 Cash 12,100 Utilities expense 11,300 Accounts receivable 4,890 Equipment 9,259 Accumulated depreciation 3,000 Accounts payable 2,050 Nazir, Drawing 2,000 Commission revenue 30,550 Depreciation expense 2,000 Rent revenue 4,250 Nazir, Capital (beginning 25,600 oftheyear) Instructions: (a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. (b) Prepare a classified balance sheet at July 31. Income Statement Particulars Amount ($) Amount ($) Owner's Equity Statement Particulars Amount ($) Amount ($) Balance Sheet Particulars Amount ($) Amount (S) d States

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!