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Hi, I would really need help putting this information into: An income statement, statement of owners equity, and balance sheet Worksheet June 30 Unadjusted Trial
Hi, I would really need help putting this information into:
An income statement, statement of owners equity, and balance sheet
Worksheet June 30 Unadjusted Trial Balance Adjustments Debit Credit Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Account Name 4,663.48 850.00 756.00 5,072.10 4,663.48 850.00 504.00 5,072.10 4,663.48 850.00 504.00 5,072.10 252.00 140.89 140.89 140.89 3,836.00 3,836.00 3,836.00 91.28 91.28 91.28 23,540.00 23,540.00 23,540.00 364.00 364.00 2,861.46 364.00 2,705.46 156.00 156.00 5,740.40 5,740.40 5,740.40 400.00 400.00 32,040.00 32,285.01 32,040.00 7,775.00 7,775.00 7,775.00 Cash Accounts receivable Prepaid insurance Computer equipment Accumulated depreciation computer equipment Equipment Accumulated depreciation Equipment Vehicle Accumulated depreciation Vehicle Video Supplies Accounts payable Martinez Drawings Martinez Capital Sales Income Depreciation Expense-Computer equipment Depreciation expense-Equipment Depreciation expense Vehicle Cleaning expense Telephone expense Wage expense Rent Expense Advertising Expense Miscellaneous Expense Video Supplies expense Insurance expense Vehicle Expense Utilities Expense Total Net income 140.89 91.28 364.00 55.00 42.06 1,440.00 975.00 804.20 73.80 140.89 91.28 364.00 55.00 42.06 1,440.00 975.00 804.20 73.80 2,705.46 252.00 42.50 143.80 3,553.63 46,151.57 46,151.57 140.89 91.28 364.00 55.00 42.06 1,440.00 975.00 804.20 73.80 2,705.46 252.00 42.50 143.80 7,129.99 645.01 7,775.00 2,705.46 252.00 42.50 143.80 45,555.40 45,555.40 3,553.63 7,775.00 38,621.58 38,621.58 7,775.00 1 Working notes: Depreciation expense computer equipment = 5072.101/36 = 140.89 per month Depreciation expense equipment = 3286*1/36 = 91.28 per month 2 3 Depreciation expense vehicle = (23540-1700)/5 = 4368/12 - 4368 per year 364 per month 4 Capital Account Opening balance Add: net income Less: drawings Closing capital 32,040.00 645.01 (400.00) 32,285.01Step by Step Solution
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