Income Statement | ||
Revenue | ||
Service Revenue | $ 39,400 | |
Expenses | ||
Salaries and Wages Expense | $ 23,000 | |
Supplies Expense | $ 800 | |
Rent Expense | $ 9,000 | |
Depreciation Expense | $ 8,700 | |
Total Expenses | $ 41,500 | |
Net Income / (Loss) | $ (2,100) |
Statement of Owner's Equity | |
Beginning Balance, Capital | $ 76,000 |
Add : Net Income | $ (2,100) |
$ 73,900 | |
Less : Drawings | $ - |
Ending Balance, Capital | $ 73,900 |
Balance Sheet | ||
Assets | ||
Current Assets | ||
Cash | $ 14,500 | |
Accounts Receivable | $ 34,000 | |
Supplies | $ 1,000 | |
Prepaid Insurance | $ 5,000 | |
Total Current Assets | $ 54,500 | |
Property Plant and Equipment | ||
Land | $ 24,000 | |
Equipment | $ 80,000 | |
Less Accumulated Depreciation | $ (32,000) | |
Total Property Plant and Equipment | $ 72,000 | |
Total Assets | $ 126,500 | |
Liabilities & Owner's Equity | ||
Current Liabilities | ||
Accounts Payable | $ 27,600 | |
Unearned Service Revenue | $ 25,000 | |
Total Current Liabilities | $ 52,600 | |
Owner's Equity | ||
Owner's Capital | $ 73,900 | |
Total Owner's Equity | $ 73,900 | |
Total Liabilities & Owner's Equity | $ 126,500 |
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Credit $ Debit 14,500 34,000 1,000 5,000 24,000 80,000 $ Cash Accounts Receivable Supplies Prepaid Insurance...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
de Alfons Debit Credit Cash 56.850 Accounts Receivable Supplies 7.000 1982 3.360 15.000 Prepaid Insurance Einen $4220 Accounts Payable Uneared Service Revenge Common Stock Service Revenue Salaries and Wages Expense 21.982 3.300 4,000 Rent Expense 11540 $39.702 $39.702 Ind ia to those coun ted on the trial balance, the chart of accounts for Thomas also contains the following Payable, Depreciation Expense Insurance Experte Utilities Expense and Supplies Expense counts Accumulated Depreciation Equipment. Salaries and Wages Other data 1. Supplies on...
valable in you in Debit Credit Cash $ 6,850 Accounts Receivable 7.000 Supplies 1.982 Prepaid Insurance 3,360 Equipment 15.000 Accounts Payable 54220 Unearned Service Revenue 5.200 21.982 Common Stock Service Revenue 3.300 Salaries and Wages Expense 4000 Rent Expense 1,510 $39.702 $39.702 Ination to those accounts listed on the trebalance, the chart of accounts for Thomas also contains the following accounts Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense Insurance Expense, ilities Expenses and Supplies Expense Other data: 1....
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...
TR00 2000 Adjusted Trial Balance Debit Credit Cash S32.000 Accounts receivable 28.000 Supplies 3.500 Prepaid Insurance 6.000 Property. Plant & Equipment 995.000 Accumulated depreciation Accounts payable 122000 Salaries payable Utilities payable Deferred revenue Notes payable (due in 5yrs) 300.000 Common stock 220.000 Retained earnings 100 000 Dividends 25.000 Service revenue-new construction 620,000 Service revenue remodeling 310.000 Salaries expense Depreciation expense 90.000 Interest expense 12.000 Supplies expense 7.500 Utilities expense Service fee expense 167,500 Total $1.822.500 51.822.500 6.000 1. Net income...
Income Statement Debit Credit Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation-Equipment Accounts Payable Selena Cantu, Capital Selena Cantu, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Totals Net Income CANTU CORPORATION Worksheet Month Ended December 31, 2019 Adiusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 77.789 77,789 12,5e 12,500 11,109 6,50 4,609 17.469 2.900 14.500 72,5ee 72,500 1,450 1,450 12,500 12,500 108,500 108,500 7,700 7,700 97,500 97,500...
Credit Debit $6,850 7.000 1,982 3,180 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3. 4....
Credit Cash Debit $6,850 7,000 1,982 3,180 15,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
Account Debit Credit Cash $19,000 Accounts receivable 19,600 Supplies 3,000 Prepaid rent 2,100 Equipment 37,000 Accumulated depreciation—equipment $4,800 Accounts payable 9,200 Interest payable 1,050 Unearned service revenue 1,000 Income tax payable 2,400 Note payable 18,000 Common stock 15,000 Retained earnings 5,000 Dividends 5,000 Service revenue 99,050 Depreciation expense—equipment 1,900 Salary expense 40,300 Rent expense 11,000 Interest expense 3,200 Insurance expense 3,800 Supplies expense 2,100 Income tax expense 7,500 Total $155,500 $155,500 The adjusted trial balance for the year of Sneed...