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I cant seem to get the last capital for July 1, please help The account balances of Miss Beverly's Tutoring Service as of June 30,
I cant seem to get the last capital for July 1, please help
The account balances of Miss Beverly's Tutoring Service as of June 30, the end of the current fiscal year are as follows: Miss Beverly's Tutoring Service Work Sheet For Year Ended June 30, 20- TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 Cash 6,491.00 0 0 0 6,491.00 9 0 0 6,491.00 0 1 2 Accounts Receivable 624.00 0 0 0 624.00 0 0 0 624.00 0 2 3 Supplies 527.00 0 120.00 407.00 a 0 407.00 0 0 4 Prepaid Insurance 1,280,00 0 0 170.00 B10.00 0 0 310.00 0 4 s Equipment 5,497.00 0 0 D 5,497.00 0 0 D 5,497.00 0 5 6 Accum, Dear Equipment 0 2,472.00 D 948.00 0 3,420.00 0 D 0 3,420.00 7 van 13.674.00 0 colo D 0 13,674,00 D 0 0 13,674.00 07 8 Accumulated Deprenaton, Van 0 4.168.00 D 1.490.00 0 5,658.00 D 0 0 5,658.00 Dos 0 1.436.00 0 D 1.436.00 0 D 0 9 Accounts Payable 10 D. Murrow, Capital 1,436.00 ola olo 14,848.00 0 D 14849.00 D D 0 14,848,00 10 11. Morrow Drawing 18,000.00 D 0 13.000.00 0 0 18,000.00 0 11 12 Fees Eamed 0 43,680.00 D 0 43.00.00 D 43,680.00 0 D 12 13 Salaries Expense 16,000.00 D 574.00 0 15,574.00 0 16,574.00 0 0 0 13 88 14 Advertising Expense 2,200.00 D D 0 2,200.00 0 2,200.00 G 0 0 14 15 van Operating Expense 705.00 0 705.00 0 705.00 a 0 0 15 1,249.00 0 D 0 16 Utilities Expense 17 Miscellaneous Expense 21.248.00 0 1,248.00 D 0 16 358.00 0 D 0 350.00 0 358.00 D D 017 18 66;604.00 66,604.00 0 9 0 0 D D 0 D 18 Check My Word Chapter 5 Exercises and Problem Set eBook Print Item 26 0 0 0 Required: 1. Prepare an income statement. Miss Beverly's Tutoring Service Income Statement For Year Ended June 30, 20- Revenue: Fees Earned 43,680 16,574 > 2.200 Expenses: Salaries Expense Advertising Expense Van Operating Expense Utilities Expense Miscellaneous Expense ho 705 1.248 358 Insurance Expense 470 948 Depreciation Expense, Equipment Depreciation Expense, Van Supplies Expense V 1,490 120 Total Expenses 24.113 Net Income 19,567 Feedback Check My Work Revenue and expense accounts are reported on the income statement. 2. Prepare a statement of owner's equity. Assume there was an additional investment of $3,000 on June 10. Miss Beverly's Tutoring Service Statement of Owner's Equity Check My Work Assignment Score: 84.96% Type here to search C Net Income 19,567 Feedback Check My Work Revenue and expense accounts are reported on the income statement. 2. Prepare a statement of owner's equity. Assume there was an additional investment of $3,000 on Miss Beverly's Tutoring Service Statement of Owner's Equity For Year Ended June 30, 20-- B. Morrow. Capital, July 1, 20- 19.567 | X > si Investment on June 10, 20-- 3,000 Net Income for the Year 19,567 Subtotal 37,415 X Less Withdrawals for the Year 18,000 Increase in Capital 4.567 B. Morrow. Capital, June 30, 20- sl 19,415 X Feedback Check My Work 1. Insert a three-line title. Be sure to indicate the period of time for the date i.e. month: 2. Company Name Statement of Owner's Equity For the Month Ended 6-30-20XX 3. First dollar amount is the last accounting period's ending capital. 4. Add any additional investments. 5 Incert the net income or Incs amount from the income statement Check My Work Assignment Score: 84.96% Type here to search OStep by Step Solution
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