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Author Question: Given the Income Statement columns and the Balance Sheet columns of the worksheet, prepare an ... (Read 81 times)

jman1234

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Given the Income Statement columns and the Balance Sheet columns of the worksheet, prepare an balance sheet for July 31, 2017 for Foong Company. You will first need to calculate Owner's Equity.

Income StatementBalance Sheet
DebitCreditDebitCredit
Cash10,000
Account Rec. 2,300
Office Supplies200
T. Foong, Capital11,000
T. Foong, With.500
Repair Fees3,300
Salaries Exp.900
Rent Expense500
Office Sup. Exp.100
Salaries Payable  200
1,5003,30013,00011,200
1,800 1,800
3,3003,30013,00013,000


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Marked as best answer by jman1234 on Nov 10, 2019

aidanmbrowne

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jman1234

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Reply 2 on: Nov 10, 2019
Excellent


marict

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Reply 3 on: Yesterday
Gracias!

 

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