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Question: is what i did correct if not what do i...

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Is what I did correct. If not what do I need to do differently for the income statement and balance sheet?

圜り HWK ★1 In trictinnsand worksheets in Frerl to dnwnlnad Fenel john sullivan File Home Insert Draw Page Layout Formulas Data Review View Help power pivot P Tell me what you want to d Share Cut Times New Rom1 Corditional Format as Cell Insert Drletr Fomat Sort & Find Filler Selecl BI Clear- Format Pintor Aignmart 018 2 Part 3: Incomc Statement: Below are the accounts for Alex Inc. The company just completed its fourth year of operations ended December 31, 2018. Prepare the (1) Income Statement and the (2) Balance Sheet for Alex Inc. Use proper headings when making these statements. Income Statement for the year ended 2018 Cash Accounts Payable Service Fees Revenme Supplies Expense Insurance Expense Refained Eamngs, 11.18 $ 135,000.00 S 135,000.00 $(6,420.00 $(6,400.00 8.402.00) (58,300.00 (6,210.00 S (85,732.00 31,600 20,600 135,000 6,420 Service Fees Revenue Total Revenue Insurance Expense Rent Expense Salaries Expense Maintenance Ex Total Expenses 14,300 64,800 8,402 58,300 24,500 6,210 33,732 13 14 Rent Expense Salaries Expense Supplies Inventory Maintenance Expense Contributed Capital Net income 49,268 17 10 19 Payable Balancc Shect: Accouts Rcccivablc Dividends (declaed and paid dung 2018 15.300 3,000 23 Balance Sheel of Alex Inc. as of 2018, dec 31st 24 Instructions Part 3 Seled destination and uress ENTER or thoese Paste 困叵凹94% O Type here to search :37 PM 1/13/2019圜り HWK #1 Iratructions and Workshorts in Exerl to download x john sullivan File Home Insert Draw Page Layout Formulas Data Review View Help power pivot P Tell me what you want to d Share Cut Times New Rom1 Corditional Format as Cell Insert Drletr Fomat Sort & Find Filler Selecl BI Clear Format Pintor Table Slyles Aignmart 018 Contributed Capital 33,732 24,300 15.300 3,000 14 Balance Sheet: Accounts Receivable Dividends (dectaed andaid dug 201 23 Balance Sheet of Alex Inc. as of 2018, dec 31st Cash Supplies Invento Accounts Receivable Build Total assets $34,600.00 24,500.00 $15,300.00 S 64,800.00 S 139,200.00 26 20 S 24,300.00 $20,600.00 $ 14,300.00 $ 33,732.00 Dividends (declared and paid during 2018)3,000.00 S 95,932.00 Notes Payable ccounts Pavable Retained Earnings, 1/1/18 Contributed Capital 32 Total liabilities Instructions Part 3 困叵凹94% O Type here to search :37 PM 1/13/2019

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