Question: Please answer F3, just in the order, it is being asked in On August 1, 2021, the beginning of its current fiscal year, the following

Please answer F3, just in the order, it is being asked in

On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Bonita Ltd.

Accounts payable $2,270
Accounts receivable 4,590
Accumulated depreciationequipment 2,060
Cash 5,970
Common shares 13,000
Deferred revenue 1,180
Equipment 10,700
Interest receivable 20
Note receivable, due October 31, 2021 4,000
Retained earnings 6,330
Salaries payable 1,400
Supplies 960

During August, the following summary transactions were completed.

Aug. 1 Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.)
3 Paid August rent $410. (Hint: Use the Prepaid Rent account.)
6 Received $2,920 cash from customers in payment of accounts.
10 Paid $3,190 for salaries due employees, of which $1,790 is for August and $1,400 is for July salaries payable.
13 Received $4,120 cash for services performed in August.
15 Purchased additional equipment on account $2,010.
17 Paid creditors $2,010 of accounts payable due.
22 Purchased supplies on account $790.
24 Paid salaries $3,060.
27 Performed services worth $5,240 on account and billed customers.
29 Received $820 from customers for services to be provided in the future.
31 Declared and paid a $520 dividend.

Please answer F3, just in the order, it is being asked inOn August 1, 2021, the beginning of its current fiscal year, thefollowing opening account balances, listed in alphabetical order, were reported by Bonita

Ltd. Accounts payable $2,270 Accounts receivable 4,590 Accumulated depreciationequipment 2,060 Cash 5,970

Common shares 13,000 Deferred revenue 1,180 Equipment 10,700 Interest receivable 20 Note

Prepare an statement of income. BONITA LTD. Statement of Income Month Ended August 31, 2021 Revenues Service Revenue 10,120 Interest Income 20 Total Revenue $ $ 10.140 Expenses Salaries Expense 6,400 i Advertising Expense 205 i Rent Expense 410 i Depreciation Expense 206 i Supplies Expense 830 i Total Expenses 8,051 i Income Before Income Tax 2,089 Income Tax Expense 270 i $ $ Net Income 1,819 Your Answer Correct Answer (Used) Prepare a statement of changes in equity. BONITA LTD. Statement of Changes in Equity Month Ended August 31, 2021 Common Shares Retained Earnings 13.000 $ 6,330 Total Equity Balance, Aug. 1 $ $ 19 Net Income 0 1,819 1 Dividends Declared 0 -520 520 Balance, Aug. 31 $ $ 13,000 $ $ 7,629 20 Prepare a statement of changes in equity. BONITA LTD. Statement of Changes in Equity Month Ended August 31, 2021 Common Shares Retained Earnings 13,000 $ 6,330 Total Equity Aug. 1 $ $ $ 19,330 ome 0 1,819 1,819 ids Declared 0 -520 520 Aug. 31 $ 13.000 $ 7,629 $ 20,629 (13) Prepare a statement of financial position. (List Current Assets in order of liquidity.) BONITALTD. Statement of Financial Position August 31, 2021 Assets $ $ $ Save for Later Attempts: 0 of 3 used Submit

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