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Andrew Martin started Vision Consulting Inc early this year For the first few months of the company's life through July) the accounting records were mardanied by an outside bookkeeping service According to those records the share capital balance was 77 500 as of July 31 To save on expenses Andrew decided to keep the records himself .He managed to cord Augusty transactions properly but was a bit rusty when the time came to prepare the financial statements .His first versions of the balance sheet and income statement follow .

prepare the income statement, statement of change in equity and balance sheet.

Assets Insurance Expense Equipment Prepaid Insurance Short-Term Notes Payable Vision Consulting Inc. Balance Sheet August 31, 2014 Liabilities 35,500 Interest Payable 241,500 Accounts Payable 78,000 Commissions Earned 101,000 Total liabilities 25,000 39,000 105,500 169.500 Equity Share Capital Total liabilities and equity 286 500 456,000 456,000 Total assets Using the information contained in the original financial statements, prepare revised statements including a statement Uy UE alion contained in the original financial statements, prepare revised statements, including a statement of changes in equity, for the month of August (select one) Income Statement (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X + x x x (select one) Balance Sheet (select one) X x x x x x + + o Quesuvir pommes Andrew Martin started Vision Consulting Inc. early this year. For the first few months of the company's life (through July) the accounting records were maintained by an outside bookkeepin service According to those records, the share capital balance was $77,500 as of July 31. To save on expenses Andrew decided to keep the records himself. He managed to record August transactions properly, but was a bit rusty when the time came to prepare the financial statements His first versions of the balance sheet and income statement follow Vision Consulting Inc. Income Statement For Month Ended August 31, 2014 Revenues Issuance of shares 75,000 Property Taxes Payable 28,000 Interest Earned 31,500 Total revenues Expenses Retained Earnings 96,000 Interest Expense 35,000 188,500 Furniture Total expenses Net loss 134,500 319,500 185,000 y temning Inc - Google Chrome lifa 1.lyryx.com/student-serviets/LabServlet?ccid=11209 Assets Insurance Expense Equipment Prepaid Insurance Short-Term Notes Payable Vision Consulting Inc Balance Sheet August 31, 2014 Liabilities 35,500 Interest Payable 241,500 Accounts Payable 78,000 Commissions Earned 101,000 Total liabilities 25,000 39,000 105,500 169.500 Equity Share Capital Total liabilities and equity Total assets 456,000 286 500 456 000 Using the information contained in the original financial statements, prepare revised statements, including a statement of changes in equity for the month of August (select one) Income Statement (select one) XXX E + + + + (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 25C Sunny 4 ENG Type here to search X (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity x x x (select one) Balance Sheet (select one) x + + + x ++ - x x x x + + + + X + + X + + XX +++