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(Solved): Noelles Napkins Company has the following Adjusted Trial Balance on Dec 31st 2023 Noelles Na ...



Noelle’s Napkins Company has the following Adjusted Trial Balance on Dec 31st 2023 Noelle’s Napkins Adjusted Trial Balance FYE Dec 31, 2023 Account Name Debit Credit Cash $104,000 Accounts Receivable $55,000 Inventory $52,000 Prepaid Insurance $22,500 Supplies $18,500 Land $45,000 Building $150,000 Accum Dep-Blg $60,000 Equipment $140,000 Accum Dep-Equip $22,000 Accounts Payable $35,000 Unearned Revenue $40,000 Bonds Payable $100,000 Noelle’s Capital $191,400 Noelle’s Drawing $25,000 Revenue $268,000 Rent Expense $27,000 Salary Expense $71,000 Utility Expense $6,400 _______ Total $716,400 $716,400 Required: Prepare the following Financial Statements: a. Income Statement b. Statement of Owner’s Equity c. The Balance Sheet for Year-end Dec 31st 2023.



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