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.
Definitions:
Marketing Opportunities
Refers to potential areas where companies can engage new customers, increase sales, or enhance brand visibility within the market.
Hispanic Population
A demographic group in the United States and other countries characterized by heritage, culture, or language related to Hispanic countries.
Economic Recessions
Periods when an economy experiences a decline in gross domestic product, income, employment, and trade lasting for several months or years.
Nonprofit Organizations
Entities that operate for a collective, public or social benefit, rather than to generate profits for owners or investors.
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