"The following information for Usamah Company" Telephone Expense BD 1,150 Cash 3,000 Accounts Payable 1,540 800 Usamah, Withdrawal Fees Earned 15,700 Rent Expense 1,400 140 Supplies Accounts Receivable 1,500 Computer Equipment 20,000 Usamah, Capital 14,320 Wages Expense 4,800 Utilities Expense 750 Notes Payable 2,400 Office Expense 420 "Instruction": "Using the above accounts and their amounts for Usamah Company, month ended December 31", 2020, you are required to": 3. "prepare in good format an Income Statement" p. "prepare in good format a Statement of Owner's Equity" . "prepare in good format a Balance Sheet"

"The following information for Usamah Company" Telephone Expense BD 1,150 Cash 3,000 Accounts Payable 1,540 800 Usamah, Withdrawal Fees Earned 15,700 Rent Expense 1,400 140 Supplies Accounts Receivable 1,500 Computer Equipment 20,000 Usamah, Capital 14,320 Wages Expense 4,800 Utilities Expense 750 Notes Payable 2,400 Office Expense 420 "Instruction": "Using the above accounts and their amounts for Usamah Company, month ended December 31", 2020, you are required to": 3. "prepare in good format an Income Statement" p. "prepare in good format a Statement of Owner's Equity" . "prepare in good format a Balance Sheet"

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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