Question

Exercise 4-03 al-a3 The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,900 Accounts Receivable 7,500 Prepaid Rent 2,000 Equipment 23,000 Accumulated Depreciation-Equip. 4,700 Notes Payable 5,500 Accounts Payable 5,200 Common Stock 21,110 Retained Earnings 7,000 Dividends 3,900 Service Revenue 15,800 Salaries and Wages Expense 10,500 Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 59,390 59,390 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -55 or parentheses e.g. (55).) Ayayai Company Sortepany Income Statement
The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,900 Accounts Receivable 7,500 Prepaid Rent 2,000 Equipment 23,000 Accumulated Depreciation—Equip. 4,700 Notes Payable 5,500 Accounts Payable 5,200 Common Stock 21,110 Retained Earnings 7,000 Dividends 3,900 Service Revenue 15,800 Salaries and Wages Expense 10,500 Rent Expense 900 Depreciation Expense 610 Interest Expense 80 Interest Payable 80 Totals 59,390 59,390

Answer 1

Ayayai Company Income Statement April 30, 2019. Amount Amount Revenues Service Revenue $ 15,800 Expenses Salries and wages Expense Rent Expense Depreciation Expense Interest Expense Total Expenses Net Income S(10,500) S (900) S (610) S (80) S(12,090) S 3,710

Ayayai Company Retained earnings Statement April 30, 2019. Beginning balance Add: Current year Net income $ $ $ $ $ 7,000 3,710 10,710 (3,900) 6,810 Less : Dividend Ending Balance

$ 20,400 Ayayai Company Balance sheet April 30, 2019. Assets Current Assets Cash $ 10,900 Accounts Receivable $ 7,500 Prepaid Rent 2000 Total Current Assets Fixed Assets Equipment $ 23,000 Less : Accumulated Depreeation $ (4,700) Total Non Current Assets Total Assets Liabilities and Stockholder's Equity Current Liabilities Accounts Payable $ 5,200 Interest payable S 80 Notes payable $ 5,500 Total Current Liabilities Shareholder's Equity Common Stock $ 21,110 Retained Earnings $ 6,810 Total Shareholder's Equity Total Liabilities & Shareholder's Equity $ 18,300 $ 38,700 S 10,780 $ 27,920 $ 38,700