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(Solved): Required: Using the trial balance provided above, prepare an income statement and statement of chan ...
Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2023, and a balance sheet at May 31, 2023 .
Analysis Component: Prepare two different journal entries that might have created the May 31, 2023 balance in the Utilities Expense of \( \$ 1.380 \). Use May 31 , 2023 as the date for your entries
Expert Answer
HIPSTER OPTICAL Income statement ForthemonthendedMay31,2023 Service Revenue $24,260 Expenses WagesExpense $14,800 RentExpense $4,100 UtilitiesExpense