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Here is the problem information Fill out the statements with the following format: Molly's Meal Delivery Service Molly's Meal Delivery service has been in business

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Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below They provide "home-cooked" meals for corporate events as well as individual needs Molly's operates with a December 31, 20XX financial year-end Chart of Accounts Assets 101 140 145 150 175 175.1 176 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr. - Ovens Kitchen Equipment Accum. Depr.- Kitchen Equipment Liabilities 201 210 Accounts Payable Wages Payable Owner's Equit 301 302 Molly Murphy, Capital Molly Murphy, Drawing Revenues 401 Meal Delivery Revenue Expenses 501 511 521 531 541 542 561 562 Food Supply Expense Wage Expense Rent Expense Kitchen Supply Expense Phone Expense Utilities Expense Depr. Expense Ovens Depr. Expense - Kitchen Equipment The following transactions took place during November, 20XX Molly invested cash in business, S20,000 Purchased (2) new ovens on account for S6,300. The ovens have estimated useful lives of 7 years. The ovens will be paid for in January, with no interest Molly paid rent for November and December, $3,000 total. Purchased food supplies from Sammy's Deposited meal delivery fees, $3,400 Paid wages to kitchen workers, $2,000 Purchased kitchen supplies with cash, $500 Deposited meal delivery fees, $3,000 Purchased food supplies from Sammy's Deposited meal delivery fees, $3,200 Paid wages to kitchen workers, $2,050 4 7 10 Super Market on account, $2,000 15 21 24 Super Market on account, $2,500 24 28 30 30 30 Paid wages to kitchen workers, $2,050 Deposited meal delivery fees, $3,050 Paid phone bill, $200 Paid utilities bill, $500. Molly Murphy withdrew cash for personal use, $3,000. Adjustment information for the end of November is provided below. Food supplies remaining on hand, $2050. Beginning balance was $2100 Kitchen supplies used during the month, $600. Beginning balance was $1200 November rent was used. fe:) Depreciation on the kitchen ovens for November, $75. All other ovens and kitchen equipment were fully depreciated earlier in the year Wages earned, but not yet paid at end of November, $950 MOLLY'S MEAL DELIVERY SERVICE INCOME STATEMENT COMPLETE DATE Revenues: Expenses: Total Expenses Net Income MOLLY'S MEAL DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY COMPLETE DATE Increase/Decrease in Capital MOLLY'S MEAL DELIVERY SERVICE BALANCE SHEET COMPLETE DATE Assets Less: Accum. Depr- Ovens Liabilities Owner's Equity MOLLY'S MEAL DELIVERY SERVICE POST CLOSING TRIAL BALANCE COMPLETE DATE ACCOUNT ACCT NO DEBIT BAL CREDIT BAL

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