Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accounting QUESTION:1) Prepare an Income Statement for Jan 31, 2018 based on the information available in the trial balance. Anna Car Repairing Shop Trial Balance
Accounting
QUESTION:1) Prepare an Income Statement for Jan 31, 2018 based on the information available in the trial balance. Anna Car Repairing Shop Trial Balance For the Month of January 2018 Account Name Debit Credit $ $ Cash 11230 100000 20000 20000 Anna's capital Prepaid rent Notes Payable Equipment Office supplies Accounts Payable 80000 22800 5200 Service revenue 82600 Wage Expense 19100 Accounts Receivable 17200 19000 5000 2470 Water Charges Advertisement Expenses Electricity Charges Telephone Expenses Electricity charges payable Telephone Expenses payable Miscellaneous Expenses 1494 2470 1494 3470 Rent Expenses 10000 Total 211764 211764
Step 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