(Done Paper) Referencing Styles : Not Selected Use the account balances below at 31 July 2016 for Lazares Services Ltd and prepare:(a) an Income Statement (also

(Done Paper) Referencing Styles : Not Selected Use the account balances below at 31 July 2016 for Lazares Services Ltd and prepare:(a) an Income Statement (also

Use the account balances below at 31 July 2016 for Lazares Services Ltd and prepare:(a) an Income Statement (also referred to as the Profit and Loss Statement) (5 marks)(b) a Statement of changes in retained earnings (3.5 marks)(c) a classified Statement of Financial Position using the net assets format (also referred to as the Balance Sheet) (9.5 marks)Accounts payable &n … View More Use the account balances below at 31 July 2016 for Lazares Services Ltd and prepare: (a) an Income Statement (also referred to as the Profit and Loss Statement) (5 marks) (b) a Statement of changes in retained earnings (3.5 marks) (c) a classified Statement of Financial Position using the net assets format (also referred to as the Balance Sheet) (9.5 marks) Accounts payable $ 3,100 Dividends paid $ 8,000 Accounts receivable 1,400 Insurance expense 2,200 Buildings 60,000 Supplies 400 Cash 15,600 Salaries payable 3,300 Service Revenue 15,700 Rent expense 2,400 Share capital 52,000 Salaries expense 10,000 Retained earnings (beginning) 25,900 Read Less

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By | 2018-08-25T21:20:00+00:00 August 25th, 2018|Business|