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Answer
--Requirement [a]
Income Statement | ||
for the month ending 31 Jul 2017 | ||
Revenues: | ||
Service revenue | $15,500 | |
Expenses: | ||
Gasoline expense | $950 | |
Insurance expense | $600 | |
Maintenance & Repairs Expense | $1,200 | |
Salaries & Wages expense | $8,400 | |
Total expense | $11,150 | |
Net Income | $4,350 |
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Steve's Delivery Service contain the following balances on July 31, 2017, Accounts Receivable$11,400 Prepaid Insurance $ 2,300 Accounts Payable 7,400 Maintenance/Repairs Expense 1,400 25,500 800 Cash 17,940 Service Revenue Equipment 59,360 Supplies expense 900 Supplies Gasoline Expense Insurance Expense600 Salaries and Wages Expense 6,400 Notes Payable, due 3,800 31,450 Salaries and Wages Payable 900 12/31/18 Unearned revenue 8,650 Steve Smith, Capital 7/1/17 31,000 Instructions Prepare an income statement, a statement of owner's equity, and...
17. The accounts in the ledger of Steve's Delivery Service contain the following balances on July 31, 2019. Accounts Receivable $11,400 Accounts Payable 7,400 Cash 23,940 Equipment 55,360 Gasoline Expense 950 (one statennt Insurance Expense 600 alance sheet Notes Payable 31,450 Income Taxes Payable 8,650 Prepaid Insurance 1,800 e Sheef Repairs Expense 1,200 Statenen( - Fees Earned 15,500 Supplies expense 900 sheet Supplies 2,900 Wages Expense utenent 6,400 Wages Payable nect 900 Steve Smith, Capital 41,550 Instructions Prepare an income...
E F H G 20. The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2020 1,800 ACCOUNT TITLE DEBIT CREDIT Accounts Receivable Salaries and Wages Expense Cash Equipment Gasoline Expense Insurance Expense Notes Payable, due 2020 Retained Earnings (July 1, 2020) 16,400 Prepaid Insurance Maintenance and Repairs 6,400 Expense 22,940 Service Revenue 59,460 Dividends 950 Common Stock 600 Accounts Payable Salaries and Wages 28,450 Payable 5,200 1,200 13,500 800 50,000 12,400 900 D...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $14,400 Prepaid Insurance $ 4,200 Accounts Payable 9,400 Service Revenue 16,900 Cash ? Dividends 850 Equipment 59,460 Common Stock Maintenance and Repairs 3,358 Salaries and Wages Expense Expense Insurance Expense 750 Salaries and Wages Payable 1,020 29,450 Retained Earnings (July 1, Notes Payable (due 2020) 7,200 40,100 8,428 29,450 2017) Prepare a trial balance RAPID DELIVERY SERVICE Trial Balance Debit Credit
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,900
Prepaid Insurance
$ 3,500
Accounts Payable
9,900
Service Revenue
17,400
Cash
?
Dividends
860
Equipment
59,560
Common Stock
40,200
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
740
Salaries and Wages Payable
940
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
6,500
Prepare a trial balance.
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
he accounts in the ledger of Wildhorse Delivery Service contain
the following balances on July 31, 2022.
Accounts Receivable
$14,800
Prepaid Insurance
$ 3,500
Accounts Payable
9,800
Service Revenue
17,200
Cash
?
Dividends
820
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,658
Salaries and Wages Expense
9,128
Insurance Expense
780
Salaries and Wages Payable
990
Notes Payable (due 2025)
30,150
Retained Earnings (July 1, 2022)
6,500
Prepare a trial balance.
WILDHORSE DELIVERY SERVIC
The accounts in the ledger of Wildhorse Delivery Service contain the following balances on July 31, 2022 $14.400 9.400 $4,200 16,900 2 Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) 59460 3,358 750 29.450 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings Uuly 1, 2022) 850 40.100 8,428 1,020 7.200 Question 6 of 7 0.5/2. Prepare an income statement for the month of...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.