Question
Haas's Catering Services prepared the following work sheet for the year ended December 31, 20--. 1. Complete the work sheet. If no amount is required,
Haas's Catering Services prepared the following work sheet for the year ended December 31, 20--. 1. Complete the work sheet. If no amount is required, leave the entry box blank. Haas's Catering Services Work Sheet For Year Ended December 31, 20 TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 Cash 2,675.00 2,675.00 1 2 Accounts Receivable 845.00 845.00 2 3 Supplies 370.00 (e) 195.00 175.00 3 4 Prepaid Insurance 1,365.00 (a) 310.00 1,055.00 4 5 Equipment 4,400.00 4,400.00 5 6 Accumulated Depreciation, Equipment 875.00 (b) 360.00 1,235.00 6 7 Truck 21,575.00 21,575.00 7 8 Accumulated Depreciation, Truck 4,315.00 (c) 1,250.00 5,565.00 8 9 Accounts Payable 350.00 350.00 9 10 Y. Haas, Capital 26,450.00 26,450.00 10 11 Y. Haas, Drawing 1,720.00 1,720.00 11 12 Fees Earned 3,550.00 3,550.00 12 13 Salaries Expense 895.00 (d) 285.00 1,180.00 13 14 Advertising Expense 510.00 510.00 14 15 Truck Operating Expense 505.00 505.00 15 16 Utilities Expense 570.00 570.00 16 17 Miscellaneous Expense 110.00 110.00 17 18 35,540.00 35,540.00 18 19 Insurance Expense (a) 310.00 310.00 19 20 Depreciation Expense, Equipment (b) 360.00 360.00 20 21 Depreciation Expense, Truck (c) 1,250.00 1,250.00 21 22 Salaries Payable (d) 285.00 285.00 22 23 Supplies Expense (e) 195.00 195.00 23 24 2,400.00 2,400.00 37,435.00 37,435.00 24 25 Net Loss 25 26 26 2. Prepare an income statement. Haas's Catering Services Income Statement For Year Ended December 31, 20-- Revenue: Income Summary $ Expenses: $ Total Expenses Net Loss $ 3. Prepare a statement of owner's equity. Assume that there was an additional investment of $4,250 on December 1. Haas's Catering Services Statement of Owner's Equity For Year Ended December 31, 20-- $ $ Subtotal $ $ 4. Prepare a balance sheet. Haas's Catering Services Balance Sheet December 31, 20-- Assets $ $ $ Total Assets $ Liabilities $ Total Liabilities $ Owner's Equity Total Liabilities and Owner's Equity $
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