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4C. Holly's Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner's equity, and a balance sheet. Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned. Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000

4C. Holly's Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner's equity, and a balance sheet. Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned. Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4C. Holly's Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner's equity, and a balance sheet. Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned. Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000
4C. Holly's Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner's equity, and a balance sheet. Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned. Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000
Transcribed Image Text:4C. Holly's Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner's equity, and a balance sheet. Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned. Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000
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