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CULLUMBER COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 Accounts Receivable 7,200 Prepaid Rent

CULLUMBER COMPANY Worksheet (partial) For the Month Ended April 30, 2020

Adjusted Trial Balance

Account Titles

Dr.

Cr.

Cash 11,400
Accounts Receivable 7,200
Prepaid Rent 2,400
Equipment 23,000
Accumulated DepreciationEquip. 4,600
Notes Payable 5,600
Accounts Payable 5,200
Owners Capital 28,080
Owners Drawings 3,300
Service Revenue 15,900
Salaries and Wages Expense 10,500
Rent Expense 900
Depreciation Expense 680
Interest Expense 50
Interest Payable 50
Totals 59,430 59,430
Your answer is correct.
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
CULLUMBER COMPANY Income Statement

For the Year Ended April 30, 2020April 30, 2020For the Month Ended April 30, 2020

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

$

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

$

Drawings Expenses Net Income / (Loss) Owner's Capital, April 30 Owner's Capital, April 1 Revenues Total Expenses Total Revenues

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

$

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Prepare an owners equity statement. (List items that increase owner's equity first.)
CULLUMBER COMPANY Owners Equity Statement

For the Month Ended April 30, 2020April 30, 2020For the Year Ended April 30, 2020

DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

$

AddLess

:

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

AddLess

:

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues

$

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