Answered step by step
Verified Expert Solution
Question
1 Approved Answer
elecom SOUSA REALTY Three Hur The Accounting CHAPTER 5 198 Class Date Name_Ty MINI PRACTICE SET SOUSA REALTY (3) SOUSA REALTY INCOME STATEMENT FOR MONTH
elecom SOUSA REALTY Three Hur The Accounting CHAPTER 5 198 Class Date Name_Ty MINI PRACTICE SET SOUSA REALTY (3) SOUSA REALTY INCOME STATEMENT FOR MONTH ENDED OCTOBER 31, 2017 KAVO Cosmizion income Statement WINN sing expense 1000 of ar supplies erfense ation exence TO Miscellaneous experre 17/ net income Required Work for October 1. Journalize transactions in a general journal (p. 4) and post to ledger accounts: Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook and complete the worksheet using the following adjustment data: a. One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000 b. An inventory shows $130 of office supplies remaining. c. Depreciation on office equipment, $160. d. Depreciation on automobile, $210. 3. Prepare an October income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (p. 6 journal). 5. Prepare a post-closing trial balance. elecom SOUSA REALTY Three Hur The Accounting CHAPTER 5 198 Class Date Name_Ty MINI PRACTICE SET SOUSA REALTY (3) SOUSA REALTY INCOME STATEMENT FOR MONTH ENDED OCTOBER 31, 2017 KAVO Cosmizion income Statement WINN sing expense 1000 of ar supplies erfense ation exence TO Miscellaneous experre 17/ net income Required Work for October 1. Journalize transactions in a general journal (p. 4) and post to ledger accounts: Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook and complete the worksheet using the following adjustment data: a. One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000 b. An inventory shows $130 of office supplies remaining. c. Depreciation on office equipment, $160. d. Depreciation on automobile, $210. 3. Prepare an October income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (p. 6 journal). 5. Prepare a post-closing trial balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started