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Author Question: Given the income statement columns and the balance sheet columns of the worksheet, prepare an income ... (Read 201 times)

saliriagwu

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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.

TrialAdjustedIncomeBalance
BalanceAdjustmentsTrial BalanceStatement Sheet
AccountsDRCRDRCRDRCRDRCRDRCR
Cash1,0001,0001,000
Accts. Rec.400400400
Supplies900c  400500500
Equipment750750750
Accts. Pay700700700
Capital1,9501,9501,950
Withdrawals200200200
Fees Earned900900900
Salary Exp.  300        b  100400400
Totals3,5503,550
Depreciation
Expense
a   505050
Accumulated
Depreciation
a    505050
Salaries
Payable
b  100100100
Supplies
Expense
c  400400400
Totals5505503,7003,7008509002,8502,800
Net Loss5050
9009002,8502,850


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Marked as best answer by saliriagwu on Nov 10, 2019

Swizqar

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saliriagwu

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Reply 2 on: Nov 10, 2019
Excellent


aruss1303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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