Phillip Started His Physiotherapy Business in March 2013

question 42

Essay

Phillip started his physiotherapy business in March 2013. Phillip's physiotherapy clinic for March 31, 2013 is provided below. All accounts have normal balances. Phillip issued sixty-three (63) common shares in March.

Requirements
Part A Prepare a trial balance using the correct financial presentation. Remember to include the correct headings.
Part B Prepare an income statement for March 2013.
Part C Prepare a statement of changes in equity for March 2013.
Part D Prepare a statement of financial position for March 2013.

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Definitions:

George W. Bush

The 43rd President of the United States, serving from 2001 to 2009, known for his responses to the 9/11 attacks and initiation of the Iraq War.

Preemptive Action

A strategy or military action taken to neutralize a perceived threat before it can become a reality, often to prevent an imminent attack.

Allied Governments

The coalition of nations, including the United States, Soviet Union, United Kingdom, and France, among others, that opposed the Axis powers during World War II.

Bush Administration

The executive branch of the U.S. government led by President George W. Bush from 2001 to 2009, known for its response to the 9/11 attacks and the initiation of the Iraq War.