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  1. business
  2. accounting
  3. using the information presented below, prepare an

Using the information presented below, prepare an income statement, statement of owners equity and balance...

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Accounting

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Using the information presented below, prepare an income statement, statement of owners equity and balance sheet from the adjusted trial balance of Hanson Storage. Beginning Capital balance at start of the year was $20,000. Martin Sky Taxi Services Adjusted Trial Balance For the year ended December 31 Cash ............... 28,000 14,200 1,700 100,000 45,000 11,500 71,900 40,000 Accounts receivable ............................... Office supplies ............................ Airplanes .............. Accumulated depreciation - Airplanes ............ Accounts payable........ Helena Martin, Capital ........ Helena Martin, Withdrawals ........... Fees earned Rent expense ............. Office supplies expense ............... Utilities expense ........ Depreciation Expense - Airplanes ..................... Salary expense ........ Fuel expense ............. Totals 150,000 13,000 2,000 2,500 15,000 50,000 12.000 $278.400 $278.400

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