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Heidi Fritz established Freedom Financial Services on March 1, 2012. Freedom financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after...

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Heidi Fritz established Freedom Financial Services on March 1, 2012. Freedom financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transactions for March are shown below.

1. Prepare an income statement for the month ended March 31,2012.
2. Prepare a retained earnings statement for the month ended March 31, 2012.
3. Prepare a balance sheet as of March 31, 2012.
4. (Optional). Prepare a statement of cash flows for the month ending March 31,2012.
Answered Same Day Dec 24, 2021

Solution

Robert answered on Dec 24 2021
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