Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adams' Shoe Shine Work Sheet (Partial) For Month Ended June 30, 20. INCOME STATEMENT 1 INCOME STATEMENT BALANCE SHEET BALANCE SHEET ACCOUNT TITLE 2 DEBIT

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Adams' Shoe Shine Work Sheet (Partial) For Month Ended June 30, 20. INCOME STATEMENT 1 INCOME STATEMENT BALANCE SHEET BALANCE SHEET ACCOUNT TITLE 2 DEBIT CREDIT DEBIT CREDIT 1 Cash 5,270.00 4 Accounts Receivable 1.245.00 Supplies 900.00 Prepaid Insurance 640.00 2.100.00 Office Equipment Accumulated Depreciation Office Equipment 110.00 Accounts Payable 1.860.00 10 Wages Payable 11 Mary Adams Capital | Mary Maris. Ding 250,00 6.000.00 2.000.00 ( Service for 4812200 Wabere 100.00 IN TUTACAQ 4,812.00 11 Service Fees 1,080.00 14 Wages Experts 15 Advertising Expense 35.00 300.00 321.00 133.00 102.00 10 Rent Expens 17 Supplies Expense 15 Phone Expense Ubilities Expense 30 Insurance Experts Gas and Oil Expense 121 Depreciation Expense-Office Equipment 23 Microws Expen 110.00 BHD 110.00 98.00 8.220.00 4812.00 10.155.00 2.877.00 1.935.00 1.915.00 15 Net Income 22.00 $10,155.00 34.81200 $10.155.00 3 Required: Prepare a statement of owner's equity assuming no additional investment was made by the owner Labels and Ant Labels Expenses For Month Ended June 30, 20- June 30, 20- Revenue Amount Descriptions Decrease in Capital Increase in Capital Withdrawals for June Mary Adams, Capital, June 1, 20- Mary Adams, Capital, June 30, 20 Net Income for June Net Loss for June Statement of Owner's Equity Prepare a statement of owner's equity, assurring no additional investment was made by the owner Statement of Owners Equity Instructions Adams' Shoe Shine Statement of Owner's Equity (Label) 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Logistics Audit Methods Organization And Practice

Authors: Piotr Buła, Bartosz Niedzielski

1st Edition

1032461268, 978-1032461267

More Books

Students also viewed these Accounting questions

Question

4. Identify the challenges facing todays organizations

Answered: 1 week ago