Accumulated Depreciation Assignment | Top Universities

QUESTION 1 Based on the information provided prepare the December 31, 2018 financial statements (Income Statement, Statement of Owner's Equity, and Balance Sheet) for Nadal, Inc. *Hint** Don't forget to include the proper headings for each statement Accounts Payable 5,500 Service Revenue 79,500 Telephone Expense 1,000 Cash 4,000

Accumulated Depreciation-Equipment 56,250 Interest Expense 1,280 Salaries Payable 3,370 Prepaid Insurance 12,200 Insurance Expense Notes Payable 12,000 191.680 12,500 Nadal, Withdrawals Accounts Receivable 2,550 Depreciation Expense Nadal, Capital 4,500 46,200 Salaries Expense 33,370 Equipment Unearned Revenue 295,000 2,100 Advertising Expense 6,200.

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