Reference no: EM132844838
Question - The records of Bruce's Slot Machines at August 31, 2022 showed the following account balances:
Accounts payable $12,000
Wages expense $60,000
Insurance expense 1,000
Advertising expense 10,000
Accounts receivable 19,000
Cash 15,000
Bruce F., Capital, Sept 1, 2021 62,500
Equipment 25,000
Land 12,000
Maintenance expense 6,000
Notes payable 31,000
Revenues 124,000
Building 50,000
Unearned revenue 6,000
Interest expense 1,500
In addition, Bruce F. withdrew $36,000 during the year for personal expenses.
Required -
A) Prepare the Income Statement for the Year Ended August 31, 2022?
B) Prepare the Statement of Owner's Equity for the Year Ended August 31, 2022?
C) Prepare the Balance Sheet as at August 31, 2022?
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