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PROBLEM 2C-4. Full file at https://testbankuniv.eu/College-Accounting-A-Practical-Approach-Canadian-12th-Edition-Slater-Solutions-Manual (a) GLENDA SHAVER, ARCHITECT INCOME STATEMENT FOR THE MONTH ENDED JUNE 30, 2017 Revenue: Fees Earned Operating Expenses: Rent Expense Advertising Expense Utilities Expense Total Operating Expenses Net Income

$6 7 1 5 0 0 $1 2 0 0 0 0 4 8 0 00 5 6 5 00 2 2 4 5 00 $4 4 7 0 0 0

(b) GLENDA SHAVER, ARCHITECT STATEMENT OF OWNER’S EQUITY FOR THE MONTH ENDED JUNE 30, 2017 Glenda Shaver, Capital, June 1, 2017 Net Income for June Less: Withdrawals for June Increase in Capital Glenda Shaver,Capital, June 30, 2017

$5 6 0 0 0 0 $4 4 7 0 0 0 9 5 0 00 3 5 2 0 00 $9 1 2 0 0 0

(c) GLENDA SHAVER, ARCHITECT BALANCE SHEET JUNE 30, 2017 ASSETS

LIABILITIES AND OWNER’S EQUITY

Assets: Cash Accounts Receivable Supplies Equipment

$2 2 0 1 0 7 2 6 6 2 0

Total Assets

$9 7 4 0 0 0

0 5 5 0

Liabilities: 00 Accounts Payable 00 0 0 Owner’s Equity: 00 Glenda Shaver,Capital Total Liabilities and Owner’s Equity

$ 6 2 0 00

9 1 2 0 00

$9 7 4 0 0 0

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College Accounting A Practical Approach Canadian 12th Edition Slater Solutions Manual  

Full file at https://testbankuniv.eu/College-Accounting-A-Practical-Approach-Canadian-12th-Edition-Slater-Solutions-Manual

College Accounting A Practical Approach Canadian 12th Edition Slater Solutions Manual  

Full file at https://testbankuniv.eu/College-Accounting-A-Practical-Approach-Canadian-12th-Edition-Slater-Solutions-Manual

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