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continues for P1-3A 1. Post office supplies expense for the month, $170. Rent expense for office due but not yet paid, 51,200. h. Rick Fontan
continues for P1-3A
1. Post office supplies expense for the month, $170. Rent expense for office due but not yet paid, 51,200. h. Rick Fontan withdrew cash for personal use, $700. lane West, owner of West's Stencilling Service in Grande Prairie, has requested that you prepare from the following balances (a) an income statement for Junc 2020, b) a statement of owner's cquity for June, and (c) a balance sheet as of June 30, 2020 P14 3,000 $2,300 Stencilling Fees 110 Cash 400 Advertising Expense Accounts Receivable 685 Repair Expense Equipment 250 310 Travel Expense Accounts Payable 1,200 Supplies Expense J. West, Capital, June 1, 2020 250 300 Rent Expense J. West, Withdrawals PI-SH Jill Martin of Regina opened Martin's Catering Service. As her accountant, ana- lyze the transactions listed below and present in proper form: 1. The analysis of the transactions by utilizing the expanded accounting equation 2. A balance sheet showing the position of the firm before opening on November 1, 2019 3. An income statement for the month of November 4. A statement of owner's equity for November 5. A balance sheet as of November 30, 2019 2019 Oct. 28 Jill Martin invested $8,000 in the catering business from her personal savings account. 29 Bought equipment for cash from Munroe Co., $900. 30 Bought additional equipment on account from Ryan Co., $1,800. 31 Paid $1,000 to Ryan Co. as partial payment of the October 30 trans- action (You should now prepare your balance sheet as of October 31, 2019.) Nov. 1 Catered a graduation and immediately collected cash, $2,900. 4 Paid salaries of employees, $720. 8 Prepared desserts for customers on account, $300. 11 Received $100 cash as partial payment of November 8 transaction. 15 Paid telephone bill, 575. 18 Jill paid her home electricity bill from the company's bank account, $90. 19 Catered a wedding and received cash, $1,800. 25 Bought additional equipment on account, $400. 28 Rent expense due but not yet paid, $600. 29 Paid supplies expense, $400
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