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Question 10 /10 View Policies Current Attempt in Progress (a) Here are incomplete financial statements for Oriole Company: Ca
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Oriole Company
Balance Sheet
February 28,2021
Assets Amount Liabilities and Owner's Equity Amount
Cash            9,428.00 Liabilities:
Accounts receivable            5,309.00 Notes payable              25,973.00
Land = 90,933 - 9428 -5309-41343          34,853.00 Accounts payable = 43,721 - 25,973              17,748.00
Building and Equipment          41,343.00 Total Liabilities              43,721.00
Mr Oriole Capital = 90,933 - 43,721              47,212.00
Total Assets = Same as Total Liab and Equity          90,933.00 Total Liabilities and Owners Equity              90,933.00
Oriole Company
Income Statement
Year Ended February 28,2021
Revenues
Service revenues                            94,815.00
Expenses:
Salaries expense          31,982.00
Other expenses = 59437 - 31982 -1340          26,115.00
Supplies expense            1,340.00
Total expenses                            59,437.00
Profit = 94815 - 59437                            35,378.00
Oriole Company
Statement of owner's Equity
Year Ended February 28,2021
Mr Oriole Capital March 01'2020          21,824.00
Add Investments = 62432 - 21824 - 35378            5,230.00
Profit = Refer Income statement          35,378.00
         62,432.00
Less Mr Oriole drawings = 62432 - 47212          15,220.00
Mr Oriole Capital Feb 28'2021 - Refer BS          47,212.00
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