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CASE 4 Marcus Enterprises was started by Damien Marcus in 2009. During 2017, Damien Marcus invested $8,000 in the business. Based on the following worksheet,
CASE 4 Marcus Enterprises was started by Damien Marcus in 2009. During 2017, Damien Marcus invested $8,000 in the business. Based on the following worksheet, prepare and income statement, statement of owner's equity, and balance sheet for Marcus Enterprises for the year ended December 31, 201X. Course Code - Managerial Accounting School of Business First Semester. SY 2020-2021 21 Marcus Enterprises Worksheet For the Year Ended December 31, 201X Adjusted Trial Income Balance Sheet Balance Statement Account Title Debit Credit Debit Credit Debit Credit Cash 26,500 26,500 Accounts 7,000 7,000 Receivable Supplies 1,000 1,000 Equipment 18.500 18.500 Accumulated Depr- 5,000 5,000 Equip Accounts Payable 11,000 11,000 Wages Payable 1.000 1,000 Damien Marcus, 8,000 8,000 Capital Damien Marcus, 2,000 2.000 Drawing Fees Earned 59.500 59.500 Wages Expense 19,000 19.000 Rent Expense 7,000 7,000 Depreciation 3,500 3,500 Expense Totals 84,500 84,500 29,500 59.500 55,000 25,000 Net Income Loss) 30.000 30,000 59.500 59,500 55.000 55.000
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