Using the accounting equation in the picture, prepare a worksheet with trial balance, income statement, and balance sheet. FANPOOLPREPAIDMORTGAGEACCOUNTSCASHSAILBOATSSYSTEMSTRUCTURELANDINSURANCEPAYABLEPAYABLECAPITALJune 1832,000.00(644,000.00)(14,800.00)(10,800.00)832,000.00 Initial InveJune 2208,000.0085,000.001,440,000.00400,000.001,489,000.00June 3(14,800.00) AdvertisinįJune 310,800.00June 3(32,000.00)65,200.0033,200.00June 33,500.003,500.00 ConcessiorJune 3(3,680.00) Advertisinį(6,320.00) Boat renta(924.40) Miscellane3,680.00June 3(6,320.00)(924.40)June 5June 826,325.0026,325.00 Boat rentaJune 98,360.008,360.00June 15(42,000.00)(42,000.00) Salaries sxJune 16(3,680.00)(10,520.00)(3,680.00)June 16(10,520.00) WithdrawaJune 168,540.008,540.00June 1630,430.0030,430.00 Boat rentaJune 19(426.40)(426.40) MiscellaneJune 20(4,800.00)(4,800.00)June 2250,820.0050,820.00 Boat rentaJune 23(4,520.00)(4,520.00)(840.00)(46,520.00)June 24(840.00) Utilities ex(46,520.00) Salaries exJune 29June 30(4,180.00)(14,200.00)(18,800.00)(4,180.00)June 30(14,200.00) Utilities ex(12,000.00) Interet exp(4,320.00) Utilities exJune 30(6,800.00)June 30(4,320.00)(4,520.00)(11,560.00)June 3048,520.0044,000.00June 30(11,560.00) WithdrawaJune 3046,320.0046,320.00 Boat renta1,820.00116,004.20June 301,820.00 Concessior# 823,104.20325,740.0093,360.001,440,000.00 400,000.0010,800.001,482,200.0080,600.00

Name: Using the accounting equation in the picture, prepare a worksheet with
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Description: Using the accounting equation in the picture, prepare a worksheet with trial balance, income statement, and balance sheet. FANPOOLPREPAIDMORTGAGEACCOUNTSCASHSAILBOATSSYSTEMSTRUCTURELANDINSURANCEPAYABLEPAYABLECAPITALJune 1832,000.00(644,000.00)(14,800

Accounting equaton can be simply defined as entity assets is equal to its liability and equity.…

Answered: Using the accounting equation in the…

Business

Accounting

Using the accounting equation in the picture, prepare a worksheet with trial balance, income statement, and 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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