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For questions 4 1 - 4 4 , review the following information, prepare an Income Statement, Statement of Owners Equity, Balance Sheet, and answer questions.
For questions review the following information, prepare an Income Statement, Statement of Owners Equity, Balance Sheet, and answer questions.
Anna Corazon started her business, Anna's Delivery Service, in SEP She does not have an accounting background and provided you with the following information:
Trial Balance for Anna as of SEP :
DR CR
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Delivery Equipment
Accumulated Depreciation Delivery Equipment
Accounts Payable
Wages Payable
Anna Corazon, Capital
Anna Corazon, Drawing
Delivery Fees Earned
Wages Expense
Rent Expense
Supplies Expense
Phone Expense
Insurance Expense
Depreciation Expense Delivery Equipment
Adjusting Entries
DR CR
Supplies Expense
Supplies
Supplies used during SEP
Insurance Expense
Prepaid Insurance
month of insurance has expired
Wages Expense
Wages Payable
Employee earned $ that has not been paid
Depreciation Expense Delivery Equip.
Accumulated Depr. Del. Equip
Depr. on delivery scooter recognized
Anna's Capital Account on SEP st was $
What is Net Income for Anna's Delivery Service in SEP
What is the balance of Anna's Capital Account at the end of SEP
How much in assets are shown on the Balance Sheet?
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