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prepare the financial statements of the Company: A) Statement of Comprehensive Income B) Statement of...

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Question

Accounting

prepare the financial statements of the Company:

A) Statement of Comprehensive Income

B) Statement of Financial Position

C) Statement of Changes in Owner's Equity

Accounts Payable 63,200.00
Accounts Receivable 74,100.00
Accrued Expenses 20,300.00
Accrued Income 5,000.00
Accumulated Depreciation - Equipment 20,000.00
Accumulated Depreciation - Furniture 10,000.00
Bonds Payable 1,500,000.00
Capital 517,685.00
Cash in Bank 280,000.00
Cash on Hand 35,000.00
Depreciation Expense - Furniture 500.00
Depreciation Expense - Equipment 1,985.00
Equipment 750,000.00
Furniture 96,000.00
Interest Payable 8,400.00
Interest Receivable 17,000.00
Land 1,500,000.00
Mortgage Payable 600,000.00
Notes Payable (due after 15 months) 45,000.00
Notes Payable (due after 6 months) 90,000.00
Notes Receivable 75,000.00
Office Supplies Expense 5,000.00
Abel, Drawing 3,000.00
Prepaid Insurance 15,000.00
Prepaid Rent 56,000.00
Prepaid Supplies 7,000.00
Rent Expense 10,000.00
Representation Expense 1,500.00
Salaries Expense 6,000.00
Service Revenue 34,000.00
Unearned Revenue 36,000.00
Utilities Expense 6,500.00

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