Question
Carla Vista Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement items for Carla Vista Company. Accounts payable
Carla Vista Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement items for Carla Vista Company.
Accounts payable $96,000 N. Woods, capital, October 1, 2017 $36,100
Accounts receivable 81,500 N. Woods, drawings 6,000
Advertising expense 4,000 Rent expense 2,300
Cash 61,600 Service revenue 23,300
CARLA VISTA COMPANY
Income Statement
Month Ended October 31, 2017
Revenues
Service revenue $23,300
Expenses
Advertising expense
$4,000
Rent expense
2,300
Total expenses
6,300
Profit
$17,000
CARLA VISTA COMPANY
Statement of Owner's Equity
Month Ended October 31, 2017
N. Woods, Capital, October 1 $36,100
Add: Profit 17,000
53,100
Less: Drawings 6,000
N. Woods, Capital, October 31 $47,100
Using the above data and the information from Carla Vista's statement of owner's equity, make balance sheet for Carla Vista Company.
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