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Question - Presented below are the balances of the assets and liabilities of Bartlett Sales Training as of September ?30, 2020. Also included are the revenue and expense account balances of the business for September.
1. What type of business entity or organization is Bartlett Sales? Training? How can you? tell?
2. Prepare the balance sheet of Bartlett Sales Training as of September ?30, 2020.
3. Which financial statement reports on the financial? position? Which financial statement reports on the operating? results?
Consulting Service Revenue $63,000
Computer Equipment $78,000
Accounts Receivable 35,000
Supplies 6,400
Accounts Payable 34,000
Note Payable 60,000
Salaries Expense 9,700
Rent Expense 4,600
M. Bartlett, Capital ?
Cash 18,000
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