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Provide a statement of owner equity

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Reference no: EM133017846

Question - The record of Teresa's Toys Co. as of December31, 20xx Accounts payable $10,000 Insurance Expense 500

Accounts Receivable 19,000

Teresa, Capital Jan. 1, 2020 62,500

Land 14,000

Notes Payable 33,000

Building 48,000

Wage Expense $60,000

Advertising Expense 12,000

Cash 15,000

Equipment 25,000

Maintenance Expense 6,000

Revenues 130,000

In addition, Teresa withdrew $36,000 during the year for personal expense.

1. Using the above information, provide an income statement.

2. Using the above information, provide a statement of Owner's Equity.

3. Using the above information, provide a balance sheet.

Reference no: EM133017846

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