11:444 LESSON #3.pdf LESSON #3.pdf LESSON From the last lesson we see the Balance Sheet prepared at the end of the month coca Awetsbeuty The Income Statement will report how much the business made for the month The first chapters we dealing with a Service Business weather charge our customers the hour or a flatte. Every time work is done the business worth more, we do not wil colector CASH setges El Cep EQUITY worth of the bine goes up. If we do not collect immediately then ACCOUNT RECEIVABLE set goes up to reso. Depending upon the roof business the work may be called SERVICE REVENUE FEES EARNED OR RENT REVENUE OF INTEREST INCOME PENSES are define thing were the schoenen Etc. Every time you have an the business worthless as CASH Aed Please tum to Page 20 cents are shown Setor we have talked about Balance Sheet the income Statement. We will deal with the liguity Statement in Cacter The Cash Flow Statement is achter de recone All the amounts that we seinted on the statements came from a book called the GENERAL LEDGER. This book is in Chapter 2.Each pape of this book is called ACCOUNT Ingine the pages of the book in alphabet order we would A Payable Accounts Receivable quipment Feesamed Owner-Drawing Ret Revenue Wages Expense If you were handed this book at the end of the month you would copy the tale onto ether the income Statement or the Balance Sheet NOTE: The only se is the OWNERS.Drawing it will appear on the Statement. How was Stotal in Chapter 2. What the student needs to know this point is what Income Statement was the Blanchet Please note that the transactions listed in the chapter to prove And Meaning that matter what happened the ASSETS will always LIAUTISOUTY...The columns the con many dets. To repeat all you need to know wont when you see ACCOUNT one-on which statement des to where POINT QUESTION TOWARDS ILGRADE Above is a lot of 13 ACCOUNTS Accounts Payable the Wagen Expense- the total of each ACCOUNT $5,000 what will be the NET INCOME Enal your response by Money nude your med 11:444 LESSON #3.pdf LESSON #3.pdf LESSON From the last lesson we see the Balance Sheet prepared at the end of the month coca Awetsbeuty The Income Statement will report how much the business made for the month The first chapters we dealing with a Service Business weather charge our customers the hour or a flatte. Every time work is done the business worth more, we do not wil colector CASH setges El Cep EQUITY worth of the bine goes up. If we do not collect immediately then ACCOUNT RECEIVABLE set goes up to reso. Depending upon the roof business the work may be called SERVICE REVENUE FEES EARNED OR RENT REVENUE OF INTEREST INCOME PENSES are define thing were the schoenen Etc. Every time you have an the business worthless as CASH Aed Please tum to Page 20 cents are shown Setor we have talked about Balance Sheet the income Statement. We will deal with the liguity Statement in Cacter The Cash Flow Statement is achter de recone All the amounts that we seinted on the statements came from a book called the GENERAL LEDGER. This book is in Chapter 2.Each pape of this book is called ACCOUNT Ingine the pages of the book in alphabet order we would A Payable Accounts Receivable quipment Feesamed Owner-Drawing Ret Revenue Wages Expense If you were handed this book at the end of the month you would copy the tale onto ether the income Statement or the Balance Sheet NOTE: The only se is the OWNERS.Drawing it will appear on the Statement. How was Stotal in Chapter 2. What the student needs to know this point is what Income Statement was the Blanchet Please note that the transactions listed in the chapter to prove And Meaning that matter what happened the ASSETS will always LIAUTISOUTY...The columns the con many dets. To repeat all you need to know wont when you see ACCOUNT one-on which statement des to where POINT QUESTION TOWARDS ILGRADE Above is a lot of 13 ACCOUNTS Accounts Payable the Wagen Expense- the total of each ACCOUNT $5,000 what will be the NET INCOME Enal your response by Money nude your med