Answered step by step
Verified Expert Solution
Question
1 Approved Answer
equirement 1. Complete the income statement for the month ended November 30, 2018. (Use a minus sign or parentheses to show a net loss. If
equirement 1. Complete the income statement for the month ended November 30, 2018. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Reference Wireless Solution Income Statement Month Ended November 30, 2018 Wireless Solution Worksheet November 30, 2018 Unadjusted Trial Balance Debit Credit Adjustments Debit Credit Adjusted Trial Balance Debit Credit 4,300 4,200 Income Statement Debit Credit Balance Sheet Debit Credit Account Names Cash $ 4,300 (a). $ 700 4,300 3,500 1,500 3,500 32,400 900 4,200 900 3,000 32,400 et Income (Loss) 3,000 32,400 2,000 i Requirements 1,600 5,000 Accounts Receivable Prepaid Rent Office Supplies Equipment Acc. Depr.-Equipment Accounts Payable Salaries Payable Common Stock Dividends Service revenue Depr. Expense-Equipment Salaries Expense Rent Expense 2,000 5,000 300 35,200 5,000 300 35,200 35,200 2,500 2,500 2,500 1. Complete the income statement for the month ended November 30, 2018. 2. Complete the statement of retained earnings for the month ended November 30, 2018. Assume beginning Retained Earnings was $0. 3. Complete the classified balance sheet as of November 30, 2018. Use the report form 8,700 9,400 $ 9,400 (b) 400 300 600 400 2,500 2,200 400 2,500 600 lid). 600 Print Done Utilities Expense 600 600 500 600 500 Supplies Expense le). 500 parts remaining $ 50,500 $ 50,500 2,500 $ 2,500 51,900 $ 51,900 Total $ 9,400 $ 47,300 $ Check An: 4,600 $ 4,800 42,500 4,800
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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