Jane West, owner of West?s Stencilling Service in Grande Prairie, has requested that you prepare from the
Question:
Jane West, owner of West?s Stencilling Service in Grande Prairie, has requested that you prepare from the following balances?
(a) An income statement for June 2020,
(b) A statement of owner?s equity for June,
(c) A balance sheet as of June 30, 2020.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Transcribed Image Text:
Stencilling Fees Cash Accounts Receivable Equipment Accounts Payable J. West, Capital, June 1, 2020 J. West, Withdrawals $2,043 1,140 $1,098 Advertising Expense 135 Repair Expense 540 45 45 Travel Expense 90 Supplies Expense Rent Expense 3,720 360 270 240
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a b c Revenue Stencilling Fees Operating Expenses Adverti...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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