Given the income statement columns and the balance sheet columns ...

[saliriagwu]

Given the income statement columns and the balance sheet columns of the worksheet, prepare an income statement for the month of October 31, 2017, for the company.

Trial

Adjusted

Income

Balance

Balance

Adjustments

Trial Balance

Statement

Sheet

Accounts	DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
Cash	1,000	​	​	​	1,000	​	​	​	1,000	​
Accts. Rec.	400	​	​	​	400	​	​	​	400	​
Supplies	900	​	​	c  400	500	​	​	​	500	​
Equipment	750	​	​	​	750	​	​	​	750	​
Accts. Pay	​	700	​	​	​	700	​	​	​	700
Capital	​	1,950	​	​	​	1,950	​	​	​	1,950
Withdrawals	200	​	​	​	200	​	​	​	200	​
Fees Earned	​	900	​	​	​	900	​	900	​	​
Salary Exp.	300		b  100	​	400	​	400	​	​	​
Totals	3,550	3,550	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Depreciation Expense	​	​	a   50	​	50	​	50	​	​	​
Accumulated Depreciation	​	​	​	a    50	​	50	​	​	​	50
Salaries Payable	​	​	​	b  100	​	100	​	​	​	100
Supplies Expense	​	​	c  400	​	400	​	400	​	​	​
Totals	​	​	550	550	3,700	3,700	850	900	2,850	2,800
Net Loss	​	​	​	​	​	​	50	​	​	50
​	​	​	​	​	​	​	900	900	2,850	2,850
​	​	​	​	​	​	​	​	​	​	​

[Swizqar]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 64% of students answer this correctly

[saliriagwu]

Gracias!

[amit]

Thanks for the timely response, appreciate it