Question

Need : incomr statement , retained earnings , and a classified balance sheet

pen Assignment CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEXT ESOURCES Exercise 4-3 The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. The owner did not make any additional investments in the business in April. e 4-2 e 4-4 Its by Study DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2015 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,332 Accounts Receivable 8,157 Prepaid Rent 2,289 Equipment 22,987 Accumulated Depreciation-Equip. 5,265 Notes Payable 5,724 Accounts Payable 4,848 Common Stock 20,605 Retained Earnings 7,810 Dividends 3,511 Service Revenue 15,346 Salaries and Wages Expense 10,913 Rent Expense Depreciation Expense 672 Interest Expense Interest Payable Totals 59.636 59,636 737 Prepare an income statement. (Enter negative amounts using either a negative sin preceding the number -45 or parentheses .g. (45).) DESCUNA COMPANY Income Statement For the Month Eaded April 16, 2015

Answer 1

e Revenue Income statement DESOLISA COMPANY . Income statement For the month Ended April 30:2015 Revenues $ 15,346 ) Expenses Salaries and Wages expenses $110913 T Rend expense 118L 737 Deprecialion expense ] $1 672 i Interest expense BL 38 Tolal expenses. $12360) I Nel income /(Loss) $2986) faplandelions a Nel income - (Revenues - Expenses) -($ 15346 - $ 12360) = $ 2986 CAnswer)

Relained earnings stal emend. DESOUSA COMPANY Reslained Earnings Statement For the month ended Aprecil.30.2015 Retained earnings, April 17810) Add: Nel income [2986] 110796 Thess: (Dividend 85 3514 Retained earnings , Aprel - 30 *[7285] Explanations ? computation of endling retained earnings. not help those coming a Ⓡ 7810 Op 2986 : Less: Dovidends $10796 $ 3511 Ending relasanefesarogs, f 72 85 Curs

1. Balance sheel DE SOUSA COMPANY Balance sheet - April 30, 2015 . Assets Current Assets I Cash $1103321 Accounts receivable! 8357 2289 [Prepaid Rent Totat current assets $120778 Property, plant and equipment] - [quepment [32987] Lessplaccumulated depreciation [ 5266 017722] Total asset. 7 $138 500) Liabilities and stockholder's equity Currend liabilities [Notes payable 19157241 - Accounts payable I $14848 Interest payable 7 138 Totalcuremend liabilities $206.10) stockholders equity Common stock 8/20605] [Relained earnings $7285 Fotal stockholderes' equity $127890 Pantal liabiliter & stockholderci equetyll $38500) equipmore!