Question

In: Accounting

. Use the information given below to create the Income Statement, Statement of Changes in Owner’s...

. Use the information given below to create the Income Statement, Statement of Changes in Owner’s Equity and Statement of Financial Position for Mikes Maintenance Company for the year ended Dec. 31 .

The balances for the accounts of Mike's Maintenance Co. for the year ended December 31 are as follows.

Account

$

Account

$

A/P

7,000

Wages expense

35,500

A/R

6,500

Rent expense

6,000

Cash

10,500

Supplies

1,200

Land

50,000

Building

125,000

Unearned revenue

4,000

Supplies expense

21,500

Mike’s Capital

118,700

Mike’s Dividend

48,000

Revenue

174,500


Income Statement

Statement of Owner’s Equity

Statement of Financial Position

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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