Question: Question 4 [30 points] Susan Montgomery started Weber Inc. on August 1, 2014. The adjusted trial balance shown below has been prepared for Weber Inc.
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Question 4 [30 points] Susan Montgomery started Weber Inc. on August 1, 2014. The adjusted trial balance shown below has been prepared for Weber Inc. as of August 31, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended August 31 along with the August 31 balance sheet. Weber Inc. Adjusted Trial Balance August 31, 2014 (select one) Income Statement (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity Accumulated depreciation, automobiles Accumulated depreciation, furniture Advertising expense Advertising payable Automobiles Commissions earned Depreciation expense, automobiles Depreciation expense, furniture Dividends Furniture Insurance expense Interest earned Mortgage payable Prepaid insurance Rent earned Rent expense Rent payable Share capital Supplies Totals Debit Credit 18,000 16,500 38,000 20,500 167,000 76,500 18,000 16,500 10,000 146,000 39,500 22,500 80,500 26,000 119,500 74,000 63,500 165,000 47,500 582,500 582,500 X X X (select one) Balance Sheet (select one) XXXXX
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