Question
After examining and analyzing the information provided, create a document in MS Excel to complete the following exercise: A. Perform the trial balance. B. Prepares
After examining and analyzing the information provided, create a document in MS Excel to complete the following exercise: A. Perform the trial balance. B. Prepares the income statement. C. Prepares the owner's statement of owner equity. D . Prepare the balance sheet.
En Camino Real, Inc. los balances de las cuentas son los siguientes:
| Cuenta | Balance |
| Efectivo (cash) | 425,000 |
| Seguro prepagado (prepaid insurance) | 14,000 |
| Materiales (supplies) | 15,000 |
| Equipo (equipment) | 27,000 |
| Cuentas por cobrar (accounts receivable) | 123,000 |
| Notas por pagar (notes payable) | 53,600 |
| Cuentas por pagar (accounts payable) | 26,500 |
| Carmelo Ruiz, capital | 228,100 |
| Carmelo Ruiz, retiro (drawing) | 20,000 |
| Ingresos (fee earned) | 896,300 |
| Gasto de utilidades (utilities expense) | 9,000 |
| Gastos de salario (salary expense) | 536,000 |
| Gastos de publicidad (advertising expense) | 3,500 |
| Gastos de renta (rent expense) | 32,000 |
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
Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies
Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn
1st Edition
3031110889, 978-3031110887
