Question
Hi! I already finished until the unadjusted trial balance. I separated the needed answers since I know youre not allowed to answer all. Please answer
Hi! I already finished until the unadjusted trial balance. I separated the needed answers since I know youre not allowed to answer all. Please answer only the one that I included with "need to answer". My assignment needs the following:
a. Adjusted Trial Balance (posted a separate question for this)
b. Income Statement (posted a separate question for this also)
c. Balance Sheet (posted a separate question for this)
d. Statement of Changes in Equity (posted a separate question for this also)
e. Statement of Cash Flows (need to answer from this post)
f. Closing entries (need to answer this also)
These are the answers from the question I posted.
= Chegg Study Textbook Solutions Expert Q&A Practice Study Pack Anonymous answered this Was this answer helpful? 31 a 34 answers b) Income Statement: Rental Revenues 21900 Less: Direct Expenses (Wages Exp) 1600 Gross Profit 20300 Less: Indirect Expenses Maintenance Expense 750 Repair Expense 550 Concession Fee Expense 3000 Net Profit 16000 c) Balance Sheet Liabilities Amount Assets Amount Capital 131000 Non-current Assets Supplies 1500 Non Current Liabilities 0 0 Bicycles 25000 Container 35000 61500 Current Liabilities Current Assets Accounts Payable 12000 Cash 80400 MPR 18 4 C 5W ACAOTOC = Chegg Study Textbook Solutions Expert Q&A Practice Study Pack Repair Expense 550 Concession Fee Experse 3000 Net Profit 16000 c) Balance Sheet Liabilities Amount Assets Amount Capital 131000 Non-current Assets Supplies 1500 Non Current Liabilities D Bicycles 25000 Container 35000 61500 Current Liabilities Current Assets 12000 Cash 80400 Accounts Payable 12000 81500 Account Receivable 1100 143000 143000 D) Statement of Changes in Equity Capital As per Trial balance 115000 Add: Net Profit Earned 16000 Capital Transfer to balance sheet* 131000 View comments (1) > III AFR 18 A C aw a ACADOCStep by Step Solution
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