Question

pom Consider the journal entries below General Journal ACCOUVExplanation 311MI Supplies Expense . Suppes, 1 month med 31M Cash Share Capital New Shares issued The financial statements on the left were prepared without taking these transactions into account. Modify the copies on thenght to show how these transactions would affect the financiar statements Barion Corporation Barton Corporation Income Statement Income Statement For Morth Ended July 31, 2014 For More Ended My 31, 2014 Revenues 5,140 Revenues Expenses Net Income 5.140 1,379 3.701 Net Income Barton Corporation Statement of Changes in Equity For Month Ended July 31, 2014 Share Retained Total Capital Earnings Equity Balance, July 1 Issuance of shares 4,000 4,900 3,701 3,761 Dividends (1.542) (1.642) Balance, July 31 4.800 2.119 7,019 Barton Corporation Statement of Changes in Equity For Morth Ended July 31, 2014 Share Retained Total Capital Camings Equity Balance, July Issuance of shares 4.800 4.900 Net income 3.761 3.761 Dividends Balance, July 31 4.000 2.119 7.019 Barton Corporation Balance Sheet Ny 31, 2014 Barton Corporation Balance Sheet 3,000 Cash 3.900

Answer 1

I Answer Barter Corporation -Income stelemar for_mooth ended help. 34, 2014 Sico Revenues fapenses (13.19 +500) Net Income 1,819 3,261 Barten corporation slakened of changes in Ealaiky for Morth Ended Adly 31, 2014 Shane Retained Toket capital fonnings Equity Balance July I Issuance of shares (4900 +25) Net Income 3,261 3261 Dindandi (14642) (1,642) Babone, July 31 1,619_6769 5,150 Loo 5 150 S400

Bortor Corporation Rakence sheet July 31, zay Cash (3900 +250) Prefid Advertising Deepplies Culté soo) Total Assets 4150 7.900 36,619 114,669 Liabilities 4,200 Accounts payable boearned rest Total liabilities 4,900 SLO 2648 Share capital Retained earnings Total equity Total liabilities and equity 6767 11,662 - Thank you -