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Jane West, owner of West's Stencilling Service in Grande Prairie, has requested that you prepare from the following balances (a) an income statement for June 2023, (b) a statement of owner's equity for June, and (c) a balance sheet as of June 30, 2023. Cash $2,300 Stencilling Fees 3,000 Accounts Receivable 400 Advertising Expense 110 Equipment 685 Repair Expense 25 Accounts Payable 310 Travel Expense 250 J. West, Capital, June 1, 2023 1,200 Supplies Expense 190 J. West, Withdrawals 300 Rent Expense 250

Jane West, owner of West's Stencilling Service in Grande Prairie, has requested that you prepare from the following balances (a) an income statement for June 2023, (b) a statement of owner's equity for June, and (c) a balance sheet as of June 30, 2023. Cash $2,300 Stencilling Fees 3,000 Accounts Receivable 400 Advertising Expense 110 Equipment 685 Repair Expense 25 Accounts Payable 310 Travel Expense 250 J. West, Capital, June 1, 2023 1,200 Supplies Expense 190 J. West, Withdrawals 300 Rent Expense 250

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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Jane West, owner of West's Stencilling Service in Grande Prairie, has requested that you prepare from the following balances (a) an income statement for June 2023, (b) a statement of owner's equity for June, and (c) a balance sheet as of June 30, 2023. Cash $2,300 Stencilling Fees 3,000 Accounts Receivable 400 Advertising Expense 110 Equipment 685 Repair Expense 25 Accounts Payable 310 Travel Expense 250 J. West, Capital, June 1, 2023 1,200 Supplies Expense 190 J. West, Withdrawals 300 Rent Expense 250
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