Help needed with balance sheet please.
Question 1 of 5 0.67/1 View Policies Show Attempt History Current Attempt in Progress The adjusted trial balance for Carla Vista Company is shown below. $10,500 CARLA VISTA COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash Accounts Receivable 8,600 Supplies 2.300 Prepaid Insurance 3,900 Equipment 13,000 Accumulated Depreciation Equipment $ 3,700 Accounts Payable 5.900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,400 Owner's Capital 13,900 Service Revenue 34,200 Rent Revenue 11.200 Salaries and Wages Expense 16.800 Supplies Expense 0 Rent Expense 15,200 Insurance Expense 0 Depreciation Expense 0 $70,300 $70,300 After Adjustment Dr. Cr. $10.500 9,600 500 2.500 13.000 $ 4,300 5.900 1,400 600 13,900 35,200 12,000 18,200 1,800 15,200 1.400 600 $73.300 $73,300 $70,300 (a) Your answer is correct. Prepare the income statement for the year. Question 1 of 5 > 0.67/1 (b) Your answer is correct. Prepare the owner's equity statement for the year. CARLA VISTA COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Owner's Capital, September 1, 2019 13.900 Add Net Income /(Loss) 10,000 Owner's Capital, August 31, 2020 $ 23,900 e Textbook and Media Assistance Used e Textbook Media List of Accounts Attempts: 1 of 3 used (c) Prepare the balance sheet at August 31. (List Assets in order of liquidity.) CARLA VISTA COMPANY Balance Sheet August 31, 2020 Assets Cash Accounts Receivable Your answer is correct. Prepare the income statement for the year. CARLA VISTA COMPANY Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 35,200 Rent Revenue 12,000 Total Revenues 47.200 Expenses Salaries and Wages Expense $ 18,200 Supplies Expense 1,800 Rent Expense 15,200 i Insurance Expense 1,400 Depreciation Expense 600 Total Expenses 37200 Net Income /(Loss) $ 10.000 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Question 1 of 5 > 0.67/1 (b) Your answer is correct. Prepare the owner's equity statement for the year. CARLA VISTA COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Owner's Capital, September 1, 2019 13.900 Add Net Income /(Loss) 10,000 Owner's Capital, August 31, 2020 $ 23,900 e Textbook and Media Assistance Used e Textbook Media List of Accounts Attempts: 1 of 3 used (c) Prepare the balance sheet at August 31. (List Assets in order of liquidity.) CARLA VISTA COMPANY Balance Sheet August 31, 2020 Assets Cash Accounts Receivable Prepare the balance sheet at August 31. (List Assets in order of liquidity.) CARLA VISTA COMPANY Balance Sheet August 31, 2020 Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Equipment $ 23100 Liabilities and Owner's Equity $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Question 1 of 5 0.67/1 Prepare the balance sheet at August 31. (List Assets in order of liquidity.) CARLA VISTA COMPANY Balance Sheet August 31, 2020 Assets $ 10500 eivable 9600 500 ance 2500 $ 23100 $ Liabilities and Owner's Equity $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
