Hello, I am trying to build the income statement and statement of stockholders equity from the following information: Prestige Inc. Account balances As at January
Hello, I am trying to build the income statement and statement of stockholders equity from the following information: Prestige Inc. Account balances As at January 31, 2020 Cash – Debit 8,000 Accounts receivable – Debit 6,500 Equipment – Debit 78,000 Accumulated Depreciation – Credit 14,000 Notes Payable – Credit 10,000 Common Stock -Credit 43,000 Retained Earnings – Credit 20,600 Dividends – Debit 8,000 Service Fees Earned – Debit 75,000 Rent Expense – Debit 18,000 Salaries Expense – Debit 37,100 Depreciation Expense – Debit 7,000 Revenue Expenses
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