Residential Relocation | ||||
Statement of Owner's Equity | ||||
For the Month Ended December 31, 2019 | ||||
Wade Wilson, Capital, at the Beginning | $176,000.00 | |||
Net income(loss) | $15,840.00 | |||
$191,840.00 | ||||
Less withdrawals | -$3,600.00 | |||
Wade Wilson ,Capital ,at the end | $188,240.00 | |||
Income Statement | ||||
Revenue = $16,000 + $10000 | $26,000.00 | |||
Less: | ||||
Telephone Expenses | -$560.00 | |||
Salaries Expense | -$9,600.00 | |||
Net Income | $15,840.00 | |||
Residential Relocation | ||||
Balance Sheet | ||||
Dec.31, 2019 | ||||
Assets | LIabilities | |||
Cash | $147,840.00 | Accounts Payable | $66,000.00 | |
Account Receivables | $8,400.00 | Owner's Equity | ||
Supplies | $32,000.00 | Wade Wilson, Capital, at the Beginning | $176,000.00 | |
Equipment | $66,000.00 | Net income(loss) | $15,840.00 | |
Less withdrawals | -$3,600.00 | |||
Wade Wilson ,Capital ,at the end | $188,240.00 | |||
Total Assets | $254,240.00 | Total Liabilities and Owner Equity | $254,240.00 | |
War (2018 W.. Chapter 3 Analyżing Business T(6) J Cole & Kendrick Lamar tyo.. Chapter 3....
Chapter 3 Homework Exercise 3.7 Preparing a statement of owner's equity and a balance sheet. LO 3-6 The following T accounts show transactions that were recorded by Residential Relocators, a fem that specializes in local housing th) . i) ),600 b) 32,990 ) 3.600 Prepare&stabement of owner's equity and a belance sheet for Residential Relocators as of December 31, 2019 this question by entering your <Prev 70, 7Ⅲ Nest 2 3 4 8 5 6