create a income statement, statement of retained earnings and a balance sheet for the three-month period

$19.00

Description

based on the trail balance below create a income statement, statement of retained earnings and a balance sheet for the three-month period. May through July 20XX.

Account Debit Credit
Cash $18,280.00 $-
Accounts Receivable $5,300.00 $-
Supplies $350.00 $-
Supplies Expense $2,010.00
Prepaid Rent $3,000.00 $-
Rent Expense $3,300.00
Land $15,000.00 $-
Office Furniture $3,300.00 $-
Accumulated Depreciation-
Furniture $- $210.00
Equipment $4,700.00 $-
Accumulated depreciation-
Equipment $- $400.00
Vehicles $31,000.00 $-
Accumulated Depreciation-
Vehicles $- $650.00
Accounts Payable $- $1,840.00
Salaries Payable $- $675.00
Unearned Service-
Revenue $- $2,800.00
Common Stock $- $38,500.00
Dividends $3,400.00 $-
Service Revenue $- $20,700.00
Notes Payable $- $31,000.00
Salary Expense $4,050.00 $-
Utilties Expense $1,225.00 $-
Depreciation Expense-
Office Furniture $210.00 $-
Depreciation Expense-
Equipment $400.00 $-
Depreciation Expense-
Vehilces $650.00 $-
Advertising Expense $325.00 $-
Miscellaneous Expense $275.00 $-
Total $96,775.00 $96,775.00

Reviews

There are no reviews yet.

Be the first to review “create a income statement, statement of retained earnings and a balance sheet for the three-month period”

Your email address will not be published. Required fields are marked *