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Ly Test 1- Lyryx Learning Inc - Google Chrome https://lifa1.lyryx.com/quiz-servlets/QuizServlet?ccid=11329 Susan West started Weber Inc. on July 1, 2014. The adjusted trial balance shown below has been prepared for Weber Inc. as of July 31, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended July 31 along with the July 31 balance sheet. Weber Inc. Adjusted Trial Balance July 31, 2014 Accumulated depreciation, boats Accumulated depreciation, trucks Boats Commissions earned Depreciation expense, boats Depreciation expense, trucks Dividends Insurance expense Interest earned Interest expense Long-term notes payable Prepaid insurance Prepaid interest Property taxes expense Property taxes payable Rent earned Debit Credit 10,000 15,000 181,000 10.000 15,000 27,000 17,500 34,000 39,000 24,500 22,000 121,500 37,500 58,000 17,000 101.000 X444 x X444 X444 X*** X (select one) Income Statement (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total i Capital Earnings Equity O

Ly Test 1- Lyryx Learning Inc - Google Chrome https://lifa1.lyryx.com/quiz-servlets/QuizServlet?ccid=11329 Susan West started Weber Inc. on July 1, 2014. The adjusted trial balance shown below has been prepared for Weber Inc. as of July 31, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended July 31 along with the July 31 balance sheet. Weber Inc. Adjusted Trial Balance July 31, 2014 Accumulated depreciation, boats Accumulated depreciation, trucks Boats Commissions earned Depreciation expense, boats Depreciation expense, trucks Dividends Insurance expense Interest earned Interest expense Long-term notes payable Prepaid insurance Prepaid interest Property taxes expense Property taxes payable Rent earned Debit Credit 10,000 15,000 181,000 10.000 15,000 27,000 17,500 34,000 39,000 24,500 22,000 121,500 37,500 58,000 17,000 101.000 X444 x X444 X444 X*** X (select one) Income Statement (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total i Capital Earnings Equity O

FINANCIAL ACCOUNTING
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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