Worksheet data for DeSousa Company are presented in E4-2. The owner did not make any additional investments
Question:
Worksheet data for DeSousa Company are presented in E4-2. The owner did not make any additional investments in the business in April.
In E4-2, The adjusted trial balance columns of the worksheet for DeSousa Company are as follows.
Instructions
Prepare an income statement, an owner’s equity statement, and a classified balancesheet.
DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2014 Adjusted Trial Balance Income Statenent Balance Sheet Account Titles Cr Cr Cash Accounts Receivable Prepaid Rent Equpment Accumulated 10,000 2 4,921 5,700 4,920 27,960 Depreciation-Equip Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 3,650 15,590 10,840 760 671 57 57 59,148 59,148
Step by Step Answer:
DESOUSA COMPANY Income Statement For the Month Ended April 30 2014 Revenues Service revenue 15590 Expenses Salaries and wages expense 10840 Rent expen...View the full answer
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Related Video
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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