Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

holitzner roof repairs IS an unincorpotated consulting firm.the following information is based on december 3,2020 year end ending balances for the firm.(all amounts are in

holitzner roof repairs IS an unincorpotated consulting firm.the following information is based on december 3,2020 year end ending balances for the firm.(all amounts are in 000,s) cash $5300 accounts receivable 7600 roofing supplies 1100 equipment 6000 accumulated amortization $1200 salaries payable 1000 interest payable 100 unearned service revenue 300 note payable 10000 carmen holitzner,capital 6400 carmen holitzner,withdrawals 600 service revenue 3,000 salaries expense 250 amortization expense 50 rent expense 2,000 roofing supplies expense 100 interest expense 200 .Instructions 1. prepare a.Trial balance b.income statement c.statement of owner,s equity d.Balance sheet 2.Show the total amounts of a.Expenses b. Revenues c. Assets d. Liabilities e. Basic accounting equation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based Approach to Conducting a Quality Audit

Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg

10th edition

978-1305080577

Students also viewed these Accounting questions

Question

=+ What are the undesirable consequences?

Answered: 1 week ago