The adjusted that balance for Neon Advertising Services is presented below. Requirement 2. Prepare the statement of owne

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The Adjusted That Balance For Neon Advertising Services Is Presented Below Requirement 2 Prepare The Statement Of Owne 1 (19.78 KiB) Viewed 22 times

The adjusted that balance for Neon Advertising Services is presented below. Requirement 2. Prepare the statement of owner's equity for the year ending December 31, 2018. Assume that there were no contributions made by the owner during the year. (Use a minus sign or parentheses to show a net loss. Exclude any zero-balance events for the period from the statement of owner's equity.) Neon Advertising Services Statement of Owner's Equity Year Ended December 31, 2018 Corsner, Capital, January 1, 2018 Corsner, Capital, December 31, 2018 C 68100
Requirement 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and owner's equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Neon Advertising Services Balance Sheet December 31, 2018 Assets
Account Title Cash Accounts Receivable Office Supplies Land December 31, 2018 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Pavable Balance Debit 13,800 14,500 6,300 17,600 51,000 19,400 Credit $ 37,100 12,900 9.800
Salaries Payable Unearned Revenue Corsner, Capital Corsner, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total 17,200 7,600 15,000 68,100 44,100 29,500 9,200 2,700 900 12,500 194,600 $ 194,600