Question
5. The following shows the last 6 columns of the Goody Two-Shoes Dance Studio Spreadsheet for the month ending April 30, 20x1. a. Complete
5. The following shows the last 6 columns of the Goody Two-Shoes Dance Studio Spreadsheet for the month ending April 30, 20x1. a. Complete the spreadsheet calculating Net Income (Net Loss) and finishing the Balance Sheet columns. GOODIE TWO-SHOES DANCE STUDIO Cash Name of Account Accounts Receivable Prepaid Rent SPREADSHEET APRIL 30, 201 Adjusted Trial Balance Deb Income Statement Credit Debit Credit Balance Sheet Debit Credit 13,752 8.840 2,200 23,050 4921 Equipment Acc. Depreciation Equipment Accounts Payable 5,700 Interest Payable 57 Notes Payable T. Goodle, Capital T. Goodie, Drawing 5.672 30.960 3.650 Lessons Revenue 16,590 Salaries Expense 10.040 Rent Expense 760 Depreciation Expense-Equipt 671 Interest Expense 57 Totals 63,900 63.900 Net Income (Net Loss) Totals No additional Investments were made this period. b. From the completed spreadsheet prepare the Income Statement, Statement of Owner's Equity, and the "Classified" Balance Sheet for the month ending April 30, 20x1. (Use front and back of sheet)
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