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Greeting, hope you having a good day. Im currently having a problem in doing this exercise. I have to do a income statement, balance sheet
Greeting, hope you having a good day. Im currently having a problem in doing this exercise. I have to do a income statement, balance sheet and Owner's Equity. I tried a couple a times, but I can't seen to find what I missing. Can someone give me a detailed explanation? I would gadly appreciate it. Let me know if you need me to do a review. Thank you in advance :)
PREPARE: INCOME STATEMENT, BALANCE SHEET AND OWNER EQUITY MORNING JACKET December 31, 2020 1,520 Accounts Payable Accounts Receivable Accumulated depreciation equipment Cash Depreciation Expense-equipment Equipment Interest Expense Interest Payable Notes Payable Owner's Capital Owner's Drawings Prepaid Rent Rent Expense Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Unearned Service Revenue 2,800 (1,300) 2,000 250 18,000 592 6,320 3,340 7,200 3,200 2,100 500 1,340 392 8,000 1,200 550 4,460Step by Step Solution
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