Prepare an income statement, a retained earnings statement, and a statement of financial position for ABC...

 

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Prepare an income statement, a retained earnings statement, and a statement of financial position for ABC company, from the items listed below for the month of July 2018 Retained earnings, July 1 Share capital-ordinary Accounts payable Equipment Service revenue Dividends Electricity expenses Cash Other office expenses Salaries expenses Rent expenses Accounts receivable 15,000 20,000 5,000 35,000 70,000 10,000 5,000 10,000 15,000 15,000 5000 15000 Prepare an income statement, a retained earnings statement, and a statement of financial position for ABC company, from the items listed below for the month of July 2018 Retained earnings, July 1 Share capital-ordinary Accounts payable Equipment Service revenue Dividends Electricity expenses Cash Other office expenses Salaries expenses Rent expenses Accounts receivable 15,000 20,000 5,000 35,000 70,000 10,000 5,000 10,000 15,000 15,000 5000 15000

Answer rating: 100% (QA)

INCOME STATEMENT For the Month of July 2018 Revenue Service Revenue 70000 Expenses Electricity Expen... View the full answer