Question
6-1A INCOME STATEMENT From the partial work sheet for Major Advising below, prepare an income statement 6-3ABALANCE SHEET From the partial work sheet below, prepare
6-1A INCOME STATEMENT From the partial work sheet for Major Advising below, prepare an income statement
6-3ABALANCE SHEET From the partial work sheet below, prepare a balance sheet.
Questions 6-1A and 6-3A use the major advising worksheet that is attached along with assignment.
6-7A "FINANCIAL STATEMENTS Page 205 shows a work sheet for Megaffin?s Repairs. No additional investments were made by the owner during the month. REQUIRED A. Prepare an income statement.
B. Prepare a statement of owner?s equity.
C. Prepare a balance sheet."
Question 6-7A This question also has a picture attached which is the Megaffin?s Repairs worksheet.
Question 6-8A is attached also it is the closing entry question.
Question 7-8A is attached also.
The pictures are in order.
6-1A & 6-3A 6-8A 7-8A Exercise 6-1A Major Advising Income Statement For Month Ended January 31, 20-- Exercise 6-3A Major Advising Balance Sheet January 31, 20-- Problem 6-7A Megaffin's Repairs Income Statement For Month Ended January 31, 20-- Megaffin's Repairs Statement of Owner's Equity For Month Ended January 31, 20-- Problem 6-7A Megaffin's Repairs Balance Sheet January 31, 20-- Problem 6-9A General Journal Date Description Post Ref. General Journal Debit Date Description Post Ref. Debit Page 10 Credit Page 11 Credit General Ledger Account: Date Jan. Item 31 Balance Account: Date Jan. Item Date Jan. Debit Credit Post Ref Debit Credit Post Ref Debit Credit Post Ref Debit Credit Supplies Item 31 Balance Account: Post Ref Accounts Receivable 31 Balance Account: Date Jan. Cash Prepaid Insurance Item 31 Balance Account: Date Jan. Delivery Equipment Item 31 Balance Account: Post Ref Item Account: 31 Balance Date Account: Credit Debit Credit Debit Credit Debit Credit Accounts Payable Item Account: Debit Accum. Depreciation-Delivery Equipment Date Date Jan. Post Ref Post Ref Wages Payable Item Don Megaffin, Capital Post Ref Date Jan. Item 31 Balance Account: Date Jan. 31 Balance Date Jan. Item Post Ref Debit Credit Post Ref Debit Credit Debit Credit Repair Fees Item 31 Balance Account: Credit Income Summary Date Account: Debit Don Megaffin, Drawing Item Account: Post Ref Wages Expense Post Ref Date Jan. Item 31 Balance Account: Date Jan. Date Jan. 31 Balance 31 Balance Date Jan. Item Debit Credit Post Ref Debit Credit Debit Credit Debit Credit Post Ref Telephone Expense Item 31 Balance Account: Post Ref Supplies Expense Date Account: Credit Rent Expense Item Account: Debit Advertising Expense Item Account: Post Ref Insurance Expense Post Ref Date Item Account: Date Jan. 31 Balance Date Jan. Credit Post Ref Debit Credit Depreciation Expense - Delivery Equipment Date Item Account: Debit Gas and Oil Expense Item Account: Post Ref Post Ref Debit Credit Debit Credit Miscellaneous Expense Item 31 Balance Post Ref Acct. No. 101 Balance Debit 3,673.00 Credit Acct. No. 122 Balance Debit 1,450.00 Credit Acct. No. 141 Balance Debit 700.00 Credit Acct. No. 145 Balance Debit 900.00 Credit Acct. No. 185 Balance Debit 3,200.00 Acct. No. Credit 185.1 Balance Debit Credit Acct. No. 202 Balance Debit Credit 1,200.00 Acct. No. 219 Balance Debit Credit Acct. No. 311 Balance Debit Credit 8,000.00 Acct. No. 312 Balance Debit 1,100.00 Credit Acct. No. 313 Balance Debit Credit Acct. No. 401 Balance Debit Credit 4,700.00 Acct. No. 511 Balance Debit 1,750.00 Credit Acct. No. 512 Balance Debit 200.00 Credit Acct. No. 521 Balance Debit 640.00 Credit Acct. No. 523 Balance Debit Credit Acct. No. 525 Balance Debit Credit 50.00 Acct. No. 535 Balance Debit Credit Acct. No. 538 Balance Debit 200.00 Credit Acct. No. 541 Balance Debit Credit Acct. No. 549 Balance Debit Credit 37.00 Problem 6-9A Megaffin's Repairs Post-Closing Trial Balance January 31, 20-Account Acct. No. Debit Balance Credit Balance Problem 7-8A Johnson Enterprises Bank Reconciliation October 31, 20-- Problem 7-8A General Journal Date Description Post Ref. Debit Page CreditStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started