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Posted on Sep 05, 2024

here are my july, august, september journal entries. i cant figure out how to fill in the income statement july aug september income statement 00

here are my july, august, september journal entries. i cant figure out how to fill in the "income statement"

july

aug

september

income statement

00 D E C Peyton Approved General Journal Entries Jul-18 Credit Date Accounts 1-Jul Cash Common Stock Debit 10,000.00 10,000.00 1-Jul supplies A/c DR to vendor Alc 6,500.00 6,500.00 3-Jul cash A/c Dr to 6% note payable Ale 10,000.00 10,000.00 7-Juillease rent Alcor lease security A/c Dr to cash Alc 1,500.00 1,500.00 3,000.00 10-Jul License exp Ale Dr to cash Alc 375.00 375.00 11-Jul misc A/c Dr to cash ATC 250.00 250.00 13-Jul baking equipment A/c Dr to common stock Alc 6,000.00 6,000.00 13-Jul advertisement A/c Dr to cash Alc 200.00 200.00 14 Jul Office Supplies to cash Alc 300.00 300.00 75.00 30-Jul telephone bill A/c Dr to telephone bill payable Alc 75.00 31-Jul prepaid insurnce Alcor to cash Alc 2,400.00 2.400.00 31-Jul 31-Jul cash Alc Dr account receivable A/c Dr to sales Alc 10,000.00 5,000.00 15,000.00 Total 54.100.00 54,100.00 Peyton Approved General Journal Entries Aug-18 Credit Date Accounts Aug, 5 Salaries payable cash Debit 120.00 120.00 Aug. 8 cash accounts recievable 3,800.00 3,800.00 Aug, 10 accounts payable cash 75.00 75.00 Aug, 15 baking supplies accounts payable 5,000.00 5,000.00 Aug, 15 salaries expense salaries payable 480.00 480.00 Aug, 15 rent expense cash 1,500.00 1,500.00 Aug. 18 cash accounts receivable 3,000.00 3,000.00 Aug, 20 accounts payable cash 8,500.00 8,500.00 Aug, 20 salaries payable cash 480.00 480.00 Aug, 22 office supplies cash 300.00 300.00 Aug, 31 telephone expense accounts payable 75.00 75.00 Aug 31 salaries expense salaries payable 420.00 420.00 Aug, 31 cash accounts receivable sales 12,500.00 7.500.00 20.000.00 Total 43,750.00 $43.750.00 X > Accounts D Debit $10.000 E Credit Date 1-Sep dividend cash $10.000 5-Sep wages payable cash $420 7-Sep merchandise inventory Seash $60 160 34000 8-Sep cash accounts recevable $4.000 10-Sep utilities payable accounts payable cash 11-Sep baking supplies accounts payable $7.000 $7.000 13-Sep accounts payable cash $5.000 $5.000 15-Seplages expense Mages payable $456 $456 15-Sep rent expense cath $1.500 1,500.00 $68 15-Sep cash sales 568 15-Sep cost of merchandise sold merchandies inventory $48 $122 20-Sep merchandise Inventory cash $122 1456 20-Sep wages payable cach $456 $153 24-Sepcash sales $153 $109 60 24-Sep cost of merchandise gold merchandise inventory 1109 60 $15125 30-Sep merchandise inventory cash $15125 30-Sep wagese pense wage payable 1480 30-Sep cash accounts recievable baling supplies $14.000 16 000 320 000 Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues: Total Revenues Cost of Goods Sold Gross Profit (FIFO) Operating Expenses: Total Operating Expenses: Net Income (FIFO) 00 D E C Peyton Approved General Journal Entries Jul-18 Credit Date Accounts 1-Jul Cash Common Stock Debit 10,000.00 10,000.00 1-Jul supplies A/c DR to vendor Alc 6,500.00 6,500.00 3-Jul cash A/c Dr to 6% note payable Ale 10,000.00 10,000.00 7-Juillease rent Alcor lease security A/c Dr to cash Alc 1,500.00 1,500.00 3,000.00 10-Jul License exp Ale Dr to cash Alc 375.00 375.00 11-Jul misc A/c Dr to cash ATC 250.00 250.00 13-Jul baking equipment A/c Dr to common stock Alc 6,000.00 6,000.00 13-Jul advertisement A/c Dr to cash Alc 200.00 200.00 14 Jul Office Supplies to cash Alc 300.00 300.00 75.00 30-Jul telephone bill A/c Dr to telephone bill payable Alc 75.00 31-Jul prepaid insurnce Alcor to cash Alc 2,400.00 2.400.00 31-Jul 31-Jul cash Alc Dr account receivable A/c Dr to sales Alc 10,000.00 5,000.00 15,000.00 Total 54.100.00 54,100.00 Peyton Approved General Journal Entries Aug-18 Credit Date Accounts Aug, 5 Salaries payable cash Debit 120.00 120.00 Aug. 8 cash accounts recievable 3,800.00 3,800.00 Aug, 10 accounts payable cash 75.00 75.00 Aug, 15 baking supplies accounts payable 5,000.00 5,000.00 Aug, 15 salaries expense salaries payable 480.00 480.00 Aug, 15 rent expense cash 1,500.00 1,500.00 Aug. 18 cash accounts receivable 3,000.00 3,000.00 Aug, 20 accounts payable cash 8,500.00 8,500.00 Aug, 20 salaries payable cash 480.00 480.00 Aug, 22 office supplies cash 300.00 300.00 Aug, 31 telephone expense accounts payable 75.00 75.00 Aug 31 salaries expense salaries payable 420.00 420.00 Aug, 31 cash accounts receivable sales 12,500.00 7.500.00 20.000.00 Total 43,750.00 $43.750.00 X > Accounts D Debit $10.000 E Credit Date 1-Sep dividend cash $10.000 5-Sep wages payable cash $420 7-Sep merchandise inventory Seash $60 160 34000 8-Sep cash accounts recevable $4.000 10-Sep utilities payable accounts payable cash 11-Sep baking supplies accounts payable $7.000 $7.000 13-Sep accounts payable cash $5.000 $5.000 15-Seplages expense Mages payable $456 $456 15-Sep rent expense cath $1.500 1,500.00 $68 15-Sep cash sales 568 15-Sep cost of merchandise sold merchandies inventory $48 $122 20-Sep merchandise Inventory cash $122 1456 20-Sep wages payable cach $456 $153 24-Sepcash sales $153 $109 60 24-Sep cost of merchandise gold merchandise inventory 1109 60 $15125 30-Sep merchandise inventory cash $15125 30-Sep wagese pense wage payable 1480 30-Sep cash accounts recievable baling supplies $14.000 16 000 320 000 Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues: Total Revenues Cost of Goods Sold Gross Profit (FIFO) Operating Expenses: Total Operating Expenses: Net Income (FIFO)