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A list of accounts and their balances of Kings Psychological Services, at its year end July 31, 2024, is presented below: Supplies $815 Unearned Revenue
A list of accounts and their balances of Kings Psychological Services, at its year end July 31, 2024, is presented below:
Supplies | $815 | |
Unearned Revenue | 1,150 | |
Supplies Expense | 6,055 | |
Cash | 6,475 | |
Accounts Receivable | 7,355 | |
Accounts Payable | 9,800 | |
Rent Expense | 10,770 | |
Notes Payable | 22,100 | |
Salaries Expense | 45,650 | |
T. King, Drawings | 57,700 | |
Equipment | 58,850 | |
T. King, Capital | 64,250 | |
Service Revenue | 96,370 |
Prepare a trial balance. KING'S PHYCHOLOGICAL SERVICES Trial Balance Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) KING'S PSYCHOLOGICAL SERVICES Income Statement $ $ Prepare statement of owner's equity. (List items that increase owner's equity first.) Prepare balance sheet. (List Assets in order of liquidity.) KING'S PSYCHOLOGICAL SERVICES Balance Sheet Assets $ $ Liabilities and Owner's Equity $
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