AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ = = ab Wrap Text Custom HP/ SI 28-Ou 8 Paste B I U arA. Merge & Center Insert .00 .00 0 Delete Format $ %) Ideas Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? 111 A B D E G H K L L M N 0 P 1 2 ***Accrual Method ***Corporation 3 you invest $1,000 in the business in exchange for common stock on Jan 1 4 5 a. 6 7 b. On Jan. 1 you paid $150 for an insurance premium for general business insurance - 3 month policy 8 9 c. company signs a contract to provide services of $5,000; no cash paid today no services performed 10 11 d. you received $500 for services to be provided later 12 13 e. you received $1,500 today for services provided 14 15 f. you received 1/2 of the payment for the contract signed in transaction (c); no services have been provided or started 16 17 8 provided $1,000 of services on account; fees will be billed 18 19 h. Paid $500 for monthly operating expenses 20 21 i. provided $2,500 of services to patients on account; fees will be billed later 22 23 j. the Company paid dividends to shareholders of $1,000 24 25 26 a1 1 month of prepaid insurance expired 27 28 a2 fees from transaction (g) were billed and paid 29 30 a3 received final payment for contract signed in transaction cand services were completed 31 32 33 34 35 36 37 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 90% AutoSave OFF HEG5= Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text Accounting HP/ Ayu O 5 Paste B I U arA. EE Merge & Center .00 .00 0 Insert Delete Format $ %) Ideas Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? Yes No F9 fox H I K L M N 0 P Q R S T U V W X Y Z AA 1 2 3 4 5 Company Income Statement Revenue Fees Earned (Sales) Total Revenue Expenses Misc Expense Rent Expense Utilities Expense Supplies Expense Insurance Expense Wages Expense Depreciation Expense Interest Expense Total Expenses 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 4 Net Income (Loss) Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 100% AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text Custom HP/ Ayu O 5 Paste B I U arA. Merge & Center .00 .00 0 Insert Delete Format $ %, Ideas Conditional Format Formatting as Table Cell Styles Sort & Filter Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx --Transaction!G24 G9 G H K L M N 0 P Q R S T U V W X Y Z 1 1 2 3 Company Statement of Retained Earnings 4 5 6 7 8 9 Retained Earnings May 1, 2045 Add: Net Income Less: Dividends Increase in Retained Earnings Retained Earnings Jan 31, 2016 lil 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 100% AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text General HP/ '7 O 5 Paste B I U arA. Merge & Center Insert Delete .00 .00 0 Format $ %, Ideas Conditional Format Formatting as Table Cell Styles Sort & Filter Find & Select Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? Yes No 016 fix . E F H I L M N o P Q R S T U V W X Y Z 1 2 3 4 5 Company Balance Sheet Assets Cash Accounts Receivable Note Receivable Prepaid Expense Office Equipment Accumulated Depreciation Supplies Land 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Total Assets Liabilities Accounts Payable Unearned Revenue Wages Payable Note Payable Total Liablities Owner's Equity Capital Stock Retained Earnings Total Owner's Equity Total Liabilities & Owner's Equity check figure 29 30 31 32 33 34 35 36 37 38 39 40 41 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + 100% AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ = = ab Wrap Text Custom HP/ SI 28-Ou 8 Paste B I U arA. Merge & Center Insert .00 .00 0 Delete Format $ %) Ideas Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? 111 A B D E G H K L L M N 0 P 1 2 ***Accrual Method ***Corporation 3 you invest $1,000 in the business in exchange for common stock on Jan 1 4 5 a. 6 7 b. On Jan. 1 you paid $150 for an insurance premium for general business insurance - 3 month policy 8 9 c. company signs a contract to provide services of $5,000; no cash paid today no services performed 10 11 d. you received $500 for services to be provided later 12 13 e. you received $1,500 today for services provided 14 15 f. you received 1/2 of the payment for the contract signed in transaction (c); no services have been provided or started 16 17 8 provided $1,000 of services on account; fees will be billed 18 19 h. Paid $500 for monthly operating expenses 20 21 i. provided $2,500 of services to patients on account; fees will be billed later 22 23 j. the Company paid dividends to shareholders of $1,000 24 25 26 a1 1 month of prepaid insurance expired 27 28 a2 fees from transaction (g) were billed and paid 29 30 a3 received final payment for contract signed in transaction cand services were completed 31 32 33 34 35 36 37 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 90% AutoSave OFF HEG5= Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text Accounting HP/ Ayu O 5 Paste B I U arA. EE Merge & Center .00 .00 0 Insert Delete Format $ %) Ideas Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? Yes No F9 fox H I K L M N 0 P Q R S T U V W X Y Z AA 1 2 3 4 5 Company Income Statement Revenue Fees Earned (Sales) Total Revenue Expenses Misc Expense Rent Expense Utilities Expense Supplies Expense Insurance Expense Wages Expense Depreciation Expense Interest Expense Total Expenses 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 4 Net Income (Loss) Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 100% AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text Custom HP/ Ayu O 5 Paste B I U arA. Merge & Center .00 .00 0 Insert Delete Format $ %, Ideas Conditional Format Formatting as Table Cell Styles Sort & Filter Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx --Transaction!G24 G9 G H K L M N 0 P Q R S T U V W X Y Z 1 1 2 3 Company Statement of Retained Earnings 4 5 6 7 8 9 Retained Earnings May 1, 2045 Add: Net Income Less: Dividends Increase in Retained Earnings Retained Earnings Jan 31, 2016 lil 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + P 100% AutoSave OFF HE svo: Accrual HW V1 Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 ~ A i = = ab Wrap Text General HP/ '7 O 5 Paste B I U arA. Merge & Center Insert Delete .00 .00 0 Format $ %, Ideas Conditional Format Formatting as Table Cell Styles Sort & Filter Find & Select Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? Yes No 016 fix . E F H I L M N o P Q R S T U V W X Y Z 1 2 3 4 5 Company Balance Sheet Assets Cash Accounts Receivable Note Receivable Prepaid Expense Office Equipment Accumulated Depreciation Supplies Land 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Total Assets Liabilities Accounts Payable Unearned Revenue Wages Payable Note Payable Total Liablities Owner's Equity Capital Stock Retained Earnings Total Owner's Equity Total Liabilities & Owner's Equity check figure 29 30 31 32 33 34 35 36 37 38 39 40 41 Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet + 100%