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Assets Cash 111 Accounts Receivable 112 Office Equipment 121 Trucks 122 Liabilities Accounts Payable 211 Owner's Equity Sky Karen, Capital 311 Sky Karen, Withdrawals
Assets Cash 111 Accounts Receivable 112 Office Equipment 121 Trucks 122 Liabilities Accounts Payable 211 Owner's Equity Sky Karen, Capital 311 Sky Karen, Withdrawals 312 Chart of Accounts Revenue Tree Trimming Fees Earned 411 Expenses Advertising Expense 511 Gas Expense 512 Salaries Expense 513 Telephone Expense 514 Print Done Requirement 4. (a) Prepare from the trial balance, in proper form, an income statement for the month of December. Complete the heading as well as the body of the statement. (If an input field is not used in the financial statement leave the field empty; do not select a label or enter a zero.) Review the trial balance you prepared in Requirement 3. Transactions A. Sky Karen invested $33,000 in the tree trimming service from his personal savings account. B. Bought used trucks on account, $10,000. C. Bought office equipment for cash, $900. D. Paid advertising expense, $450. E. Collected cash for tree trimming services rendered, $3,000. F. Paid laborers' salaries, $1,100. G. H. I. J. Paid gas expense for trucks, $900. Performed tree trimming services for a customer on account, $1,000. Telephone expense due but unpaid, $500. Received $300 as partial payment of Transaction H. K. Sky withdrew cash for personal use, $150.
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