Question
Hi I have this work sheet for accounting that I am just not understanding , Can some one please explain this ? The adjusted trial
Hi I have this work sheet for accounting that I am just not understanding , Can some one please explain this ?
The adjusted trial balance of Carla Vista Company at December 31, 2020, includes the following accounts: Owner's Capital $16,500, Owner's Drawings $7,700, Service Revenue $37,200, Salaries and Wages Expense $15,700, Insurance Expense $3,000, Rent Expense $4,600, Supplies Expense $2,500, and Depreciation Expense $1,100.
I have to prepare an income statement for the year.
CARLA VISTACOMPANY
Income Statement
December 31, 2020
For the Year Ended December 31, 2020
For the Month Ended December 31, 2020
Drawings
Expenses
Investments
Net Income / (Loss)
Owner's Capital, January 1
Owner's Capital, December 31
Revenues
Total Expenses
Total Revenues
$
Drawings
Expenses
Investments
Net Income / (Loss)
Owner's Capital, January 1
Owner's Capital, December 31
Revenues
Total Expenses
Total Revenues
$
Drawings
Expenses
Investments
Net Income / (Loss)
Owner's Capital, January 1
Owner's Capital, December 31
Revenues
Total Expenses
Total Revenues
Drawings
Expenses
Investments
Net Income / (Loss)
Owner's Capital, January 1
Owner's Capital, December 31
Revenues
Total Expenses
Total Revenues
$
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