The following trial balance is given to you for the month ended March 31st 2021. Using the
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Question:
The following trial balance is given to you for the month ended March 31st 2021. Using the information provided, prepare an income statement, statement of changes in equity and a balance sheet as a March 31st 2021
Account debit credit accounts payable $46,000
accounts receivable $3000
building $80,000
cash $17,000
revenue $126,000
Ara’s capital $122,000
Ara’s with drawls $18,000
land $84,000
machinery $50,000
notes payable $114,000
office supplies $3000
office supplies expense $7000
wages expense $146,000
Total $408,000
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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