Question
Alert Security Services Co. offers security services to business clients. The adjusted trial balance is presented below. Alert Security Services Co. End-of-Period Spreadsheet For the
Alert Security Services Co. offers security services to business clients. The adjusted trial balance is presented below.
Alert Security Services Co. |
End-of-Period Spreadsheet |
For the Year Ended October 31, 2016 |
1 |
| Adjusted | Adjusted |
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2 |
| Trial Balance | Trial Balance | Income Statement | Income Statement | Balance Sheet | Balance Sheet |
3 |
| Debit | Credit | Debit | Credit | Debit | Credit |
4 | Cash | 12.00 |
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5 | Accounts Receivable | 103.00 |
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6 | Supplies | 4.00 |
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7 | Prepaid Insurance | 2.00 |
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8 | Land | 190.00 |
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9 | Equipment | 50.00 |
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10 | Accumulated Depreciation-Equipment |
| 7.00 |
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11 | Accounts Payable |
| 36.00 |
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12 | Wages Payable |
| 1.00 |
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13 | Brenda Schultz, Capital |
| 260.00 |
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14 | Brenda Schultz, Drawing | 8.00 |
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15 | Fees Earned |
| 213.00 |
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16 | Wages Expense | 111.00 |
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17 | Rent Expense | 12.00 |
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18 | Insurance Expense | 10.00 |
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19 | Utilities Expense | 6.00 |
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20 | Supplies Expense | 4.00 |
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21 | Depreciation Expense | 3.00 |
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22 | Miscellaneous Expense | 2.00 |
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23 |
| $517.00 | $517.00 |
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24 | Net income (loss) |
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25 |
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Prepare an income statement, statement of owners equity, and balance sheet for Alert Security Services Co. (Note: Be sure to read the instructions for each financial statement carefully.)
Labels and Amount Descriptions
Labels | |
Current assets | |
Current liabilities | |
Expenses | |
For the Year Ended October 31, 2016 | |
October 31, 2016 | |
Property, plant, and equipment | |
Revenues | |
Amount Descriptions | |
Add withdrawals | |
Brenda Schultz, capital, November 1, 2015 | |
Brenda Schultz, capital, October 31, 2016 | |
Decrease in owners equity | |
Increase in owners equity | |
Less withdrawals | |
Net income | |
Net loss | |
Total assets | |
Total current assets | |
Total expenses | |
Total liabilities | |
Total liabilities and owners equity | |
Total property, plant, and equipment | |
Total revenues |
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