Using the information provided in QS 1-17, calculate each of the following financial statement elements. In QS
Question:
In QS 1-17
1. Total revenues
2. Total operating expenses
3. Net income
4. Total assets
6. Tim Roadster, capital (April 30, 2014)
7. Total liabilities and equity
5. Total liabilities
Transcribed Image Text:
8. Utilities expense S10 1. Supplies 2. Supplies expense 3. Accounts receivable 25 12 40 9. Furniture 10. Fees earned 11. Rent revenue 12. Salaries expense 70 35 45 -4. Accounts payable 5. Equipment 6. Tim Roadster's 13. Tim Roadster's investments in April withdrawals in April 7. Notes payable 35 60 14. Net income
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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