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Below is Bretman Services' financial accounting information for the year ending September 30, 2019. Using this information, prepare the Income Statement, Statement of Owners' Equity
Below is Bretman Services' financial accounting information for the year ending September 30, 2019. Using this information, prepare the Income Statement, Statement of Owners' Equity and then the Balance Sheet for the end of September 2019.
Bretman Services Trial Balance September 30, 2019 | ||
Account Title | Debit | Credit |
Cash | $22,480 | |
Accounts Receivable | 2,540 | |
Prepaid Insurance | 1,830 | |
Equipment | 7,000 | |
Accumulated Depreciation | 2,300 | |
Accounts Payable | 5,300 | |
Unearned Revenue | 1,000 | |
Bank Loan | 7,000 | |
Service Revenue | 16,100 | |
Insurance Expense | 1,280 | |
Depreciation Expense | 660 | |
Rent Expense | 1,060 | |
Salaries Expense | 1,990 | |
Telephone Expense | 190 |
Note: Eston, Capital on October 1, 2018 was $12,000. During the year, the owner withdrew $6,000 for personal use. At the end of the year, the owner made an additional investment of $1,330. Do not enter dollar signs, negative signs, or commas in the input boxes.
Bretman Services Income Statement For the Year Ending September 30, 2019 | ||
Service Revenue | Answer | |
Expenses: | ||
Insurance Expense | Answer | |
Depreciation Expense | Answer | |
Rent Expense | Answer | |
Salaries Expense | Answer | |
Telephone Expense | Answer | |
Total Expenses | Answer | |
Net Income (Loss) | Answer |
Bretman Services Statement of Owner's Equity For the Year Ending September 30, 2019 | ||
Eston, Capital at October 1, 2018 | Answer | |
Add: | ||
Additional Investments | Answer | |
Net Income (Loss) | Answer | Answer |
Subtotal | Answer | |
Less: | ||
Eston, Withdrawals | Answer | |
Eston, Capital at September 30, 2019 | Answer |
Bretman Services Balance Sheet As at September 30, 2019 | ||
Assets: | ||
Cash | Answer | |
Accounts Receivable | Answer | |
Prepaid Insurance | Answer | |
Equipment | Answer | |
Accumulated Depreciation | Answer | Answer |
Total Assets | Answer | |
Liabilities: | ||
Accounts Payable | Answer | |
Unearned Revenue | Answer | |
Bank Loan | Answer | |
Total Liabilities | Answer | |
Eston, Capital at September 30, 2019 | Answer | |
Liabilities & Owner's Equity | Answer |
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