Accounting Cycle Project Q9:

Prepare an income Statement.

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional. Prepare an income statement. Kelly Consulting income Statement For the Month Ended May 31, 2019 Expenses: 2 Prepare a statement of owner's equity. Kelly Consulting Statement of Owner's Equity For the Month Ended May 31, 2019 $ 69 69 Prepare a balance sheet. Assets Current assets: Total current assets Property, plant, and equipment: Total assets Kelly Consulting Balance Sheet May 31, 2019. Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity 8 The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional. Prepare an income statement. Kelly Consulting income Statement For the Month Ended May 31, 2019 Expenses: 2 Prepare a statement of owner's equity. Kelly Consulting Statement of Owner's Equity For the Month Ended May 31, 2019 $ 69 69 Prepare a balance sheet. Assets Current assets: Total current assets Property, plant, and equipment: Total assets Kelly Consulting Balance Sheet May 31, 2019. Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity 8