Question: Question 3 [50 points) Holden Corp, began operations 2 years ago. Its adjusted account balances at March 31, 2014 are shown below. Holden Corp. issued



Question 3 [50 points) Holden Corp, began operations 2 years ago. Its adjusted account balances at March 31, 2014 are shown below. Holden Corp. issued shares worth $5,500 during March, 2014. Use this information to prepare the following: a. Income statement for the month ended March 31. b. Statement of changes in equity for the month ended March 31. c. Classified balance sheet at March 31. (select one) Income Statement (select one) Account Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, trucks Bonds Payable (due June, 2019) Cash Commissions earned Consulting revenue earned Copyright Depreciation expense, equipment Depreciation expense, trucks Dividends Equipment Insurance expense Interest earned Interest expense Interest payable Land Long-term notes payable Long-term investment in shares Prepaid insurance Retained earnings Salaries expense Salaries payable Share capital Short-term notes payable Trademark Trucks Unearned consulting revenue Balance 13,900 6,460 4,300 12,920 4,670 12,290 13,410 7,710 1,870 930 1,280 21,700 1,960 1,520 1,100 1,080 15,040 7,370 10,280 4,130 16,310 4,330 3,550 12,510 5,510 4,450 7.840 3,960 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X + + + x (select one) Balance Sheet (select one) X + + + + X +++ X X X X X F + TTT X +++ X + + + X +++
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