Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following Trial Balance for Playbill Cinema . Prepare an Income Statement for the month ended January 31, 20 Prepare the Equity Section of

image text in transcribed
image text in transcribed
Given the following Trial Balance for Playbill Cinema . Prepare an Income Statement for the month ended January 31, 20 Prepare the Equity Section of the Balance Sheet ONLY as at January 31, 2014 Playbill Cinema Trial Balance January 31, 20 Account Title Debit Credit Cash $ 5 653 Equipment 89 563 Accounts Payable $ 890 Bank Loan 10 387 V. Schulz, Capital 83 159 V. Schulz, Drawings 1 600 Ticket Sales 20 453 2 407 6 801 2563 3 563 1 887 850 Confection Income Salaries Expense Advertising Expense Film Rental Expense Rent Expense Cleaning Expense Office Expense Equipment Repairs and Maintenance Expense Film Transportation Expense Heating Expense Electricity and Water Expense General Expense 1235 1793 248 658 532 350 Trial Balance January 31, 20 the Account Title Debit Credit Cash $ 5 653 2 FSR Equipment 89 563 Accounts Payable $ 890 Bank Loan 10 387 ard 83 159 V. Schulz, Capital V. Schutz Drawings Ticket Sales 1 600 20 453 Confection Income 2 407 6 801 Salaries Expense Advertising Expense Film Rental Expense 2 563 3563 Rent Expense 1 887 850 1 235 1793 Cleaning Expense Office Expense Equipment Repairs and Maintenance Expense Film Transportation Expense Heating Expense Electricity and Water Expense General Expense 248 858 532 350 $117 296 $117 296

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mastering Cloud Auditing A Comprehensive Guide To Learn Cloud Auditing

Authors: Cybellium Ltd, Kris Hermans

1st Edition

B0CHL8DYC7, 979-8861283809

More Books

Students also viewed these Accounting questions