E4.9 (L04) Financial Statement The adjusted trial balance for Phoebe Company is presented in E4.8. Prepare financial state Instructions a. Prepare an income statement and an owner's equity statement for the year. Phoebe did not make any capital investments during the year. b. Prepare a classified balance sheet at July 31. Weygandt, Accounting Principles, 13e WilayPLUS M U S Male Contact BTA 111 Assignment Gradebook ORION Downloadable eTextbook Ivanhoe's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May Jis as follows CALCULATOR FULL SCREEN PRINIH VESTOR RACK IVANHOL'S HOTEL Trial Balance May 31, 2020 Account Number Debit $ 3.500 2.000 126 1.30 14,000 02,400 14.400 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salanes and Wages Expense Utilities Expenne 205 275 301 3,000 40,000 41,400 13,800 726 3,400 7:12 s an 150 ce In addition to those accounts listed on the trial balance, the chart of accounts for Ivanhoe's Hotel also contains the following accounts and account numbers No. 142 Acumulated Deprecatu Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payabil, No. 230 Interest Payable, No. 619 Depreciation Expense, No: 1 Suples Expense, No 718 Interest Expense, and Other data ca. 120002020 John son.inc. A eserved. A n of here to search E4.9 (L04) Financial Statement The adjusted trial balance for Phoebe Company is presented in E4.8. Prepare financial state Instructions a. Prepare an income statement and an owner's equity statement for the year. Phoebe did not make any capital investments during the year. b. Prepare a classified balance sheet at July 31. Weygandt, Accounting Principles, 13e WilayPLUS M U S Male Contact BTA 111 Assignment Gradebook ORION Downloadable eTextbook Ivanhoe's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May Jis as follows CALCULATOR FULL SCREEN PRINIH VESTOR RACK IVANHOL'S HOTEL Trial Balance May 31, 2020 Account Number Debit $ 3.500 2.000 126 1.30 14,000 02,400 14.400 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salanes and Wages Expense Utilities Expenne 205 275 301 3,000 40,000 41,400 13,800 726 3,400 7:12 s an 150 ce In addition to those accounts listed on the trial balance, the chart of accounts for Ivanhoe's Hotel also contains the following accounts and account numbers No. 142 Acumulated Deprecatu Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payabil, No. 230 Interest Payable, No. 619 Depreciation Expense, No: 1 Suples Expense, No 718 Interest Expense, and Other data ca. 120002020 John son.inc. A eserved. A n of here to search
