Based on the data in Exercise 4-25, prepare an income statement, statement of owner's equity, and balance
Question:
Based on the data in Exercise 4-25, prepare an income statement, statement of owner's equity, and balance sheet for Alert Security Services Co.
In Exercise 4-25
Transcribed Image Text:
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Cash Accounts Receivable Supplies Prepaid Insurance Dr 12 103 4 Dr Cr. Dr. Cr 190 50 Equipment Accum. Depr-Equipment Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense Miscellaneous Expense Net income (loss) 36 260 8 213 12 10 2 517 517
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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