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Following are the financial statement data for Jones Temporary Services at December 31, 2018. Prepare Degens income statement, statement of owners equity and balance sheet.
Following are the financial statement data for Jones Temporary Services at December 31, 2018.
Prepare Degens income statement, statement of owners equity and balance sheet.
Accounts Payable 10,000
Accounts Receivable 36,000
Cash 65,000
Repairs Expense 1,250
Prepaid Insurance 3,000
Jones, Capital, 1/1/18 53,000
Contributions by Jones 5,000
Rent Expense 24,000
Utilities Expense 1,000
Fees Earned 63,000
Telephone Expense 750
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