1. Prepare the income Statement. 2. Prepare the Balance Sheet. 3. Prepare the Closing Entries. 4....
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1. Prepare the income Statement. 2. Prepare the Balance Sheet. 3. Prepare the Closing Entries. 4. Prepare the post-closing trial balance. PPE-Office Equipment PPE-Radio Communications System Accumulated Depreciation - PPE- Taxicab Accumulated Depreciation - PPE-Company Car Accumulated Depreciation - PPE- Office Equipment Accumulated Depreciation-PPE-Radio Communications System Interest payable Utilities Payable Income and Other Percentage Taxes Payable Loans Payable Jhonson, Capital Salaries, Wages, and Bonuses Expense Depreciation Expense Interest Expense Office Supplies Expense Repairs and Maintenence Expense Organization Expense Utilities Expense Rent Expense Fuel Expense Income and Other Percentage Taxes Expense Service Revenue 32 000.00 12 500.00 166 716.58 182 558.33 8 216.67 8996.50 15 320.00 23 254,75 33 453.10 60 000.00 273 422.68 16 827.26 166 000.00 14 333.33 1600.00 625.00 8 216.67 8 355.90 16 827.26 680 000.00 2 500 000.00 834 331.50 1. Prepare the income Statement. 2. Prepare the Balance Sheet. 3. Prepare the Closing Entries. 4. Prepare the post-closing trial balance. PPE-Office Equipment PPE-Radio Communications System Accumulated Depreciation - PPE- Taxicab Accumulated Depreciation - PPE-Company Car Accumulated Depreciation - PPE- Office Equipment Accumulated Depreciation-PPE-Radio Communications System Interest payable Utilities Payable Income and Other Percentage Taxes Payable Loans Payable Jhonson, Capital Salaries, Wages, and Bonuses Expense Depreciation Expense Interest Expense Office Supplies Expense Repairs and Maintenence Expense Organization Expense Utilities Expense Rent Expense Fuel Expense Income and Other Percentage Taxes Expense Service Revenue 32 000.00 12 500.00 166 716.58 182 558.33 8 216.67 8996.50 15 320.00 23 254,75 33 453.10 60 000.00 273 422.68 16 827.26 166 000.00 14 333.33 1600.00 625.00 8 216.67 8 355.90 16 827.26 680 000.00 2 500 000.00 834 331.50
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Answer Answer Income Statement Item Amount Salaries Wages and Bonuses Expense 16671658 Depreciation ... View the full answer
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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