Question: Need help Asap please, Required: Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance
Need help Asap please,
Required:
- Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet. *
- Journalize the entries that were required to close the accounts at June 30.*
- If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss?
*Be sure to read the instructions for each financial statement carefully.













Financial statements and closing entries Instructions Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30, 20Y3, the end of the fiscal year, the accountant for Finders Investigative Services prepared an end-of-period spreadsheet, a part of which follows: Financial statements and closing entries Financial statements and closing entries nancial statements and closing entries 1. Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet." 2. Journalize the entries that were requirod to close the accounts at June 30. . 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss? 'Be sure to read the instructions for each financial statement carefully. Finders Investigative Services General Ledger Chart of Accounts 16Building17AccumulatedDepreciation-BuildingLIABILITIES21AccountsPayable22SalariesPayable23UnearnedRentEQUITY31StacyTanner,Capital32StacyTanner,Drawing33IncomeSummary51SalariesExpense52RentExpense53SuppliesExpense54DepreciationExpense-Building55UtilitiesExpense56RepairsExpense57InsuranceExpense59MiscellaneousExpense Instructions Chart of Accounts Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended June 30, 20 Y 3 June 30,20Y3 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Financial statements and closing entries Financial statements and closing entries 1. Prepare an income statement for the year ended June 30, 20 Y3. Be sure to complete the statement heading. Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording of the answer choices for fext entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. You will not need to enter colons (i) on the income statement. 1. Prepare a statement of owner's equity for the year ended June 30, 20Y3. No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Financial statements and closing entries Balance Sneet 1. Prepare a balance sheet as of June 30, 20 Y3. Fixed assets must be ontered in order according to account number. Be sure to complete the statement heading. Refer to the Chart of Accounts and the list of Labeis and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (*) or the word "Less" on the balance sheet, they will automatically insert where necessary. Enter all values as positive amounts. Financial statements and closing entries Balance sneet Journal 2. Based upon the end-of-period spreadsheet, joumalize the closing entries. Refer to the chart of accounts for the exact wording of the acco use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a is entered. Financial statements and closing entries Balance sneet Journal Final Question 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals romained the same, what would have been the amount of net income or net loss? Enter a net loss as a negative amount using a minus sign
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