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I have almost completed my accounting homework but I do not know how to fill out three more forms ( they are posted at the
I have almost completed my accounting homework but I do not know how to fill out three more forms (they are posted at the bottom). This is the work I have completed with some help from others that will be needed for those forms. The forms I need are called "Income Statement", "Statement of Owner's Equity", "Balance Sheet".
These are the forms below that I need help filling out with the information provided above:
Thank you!
Credit Date 1/2 Debit 500 500 1/5 200 200 1/10 1,000 1,000 1/12 3,000 3,000 1/12 1,500 1,500 1/15 2,000 2,000 1/15 4,000 4,000 1/16 100 1,900 2,000 1/19 4,000 4,000 1/19 2,000 2,000 1/21 Journal Entries Description Accounts Payable Cash Miscellaneous Expense Cash Cash Accounts Receivable Accounts Receivable Sale Cost of goods sold Merchandise Inventory Accounts Payable Cash Inventory Account Accounts Payable Salary Payable Salary Expense Cash Cash Sales Cost of Merchandise Sold Merchandise Inventory Cash Accounts Receivable Cash Sales Cost of Merchandise Sold Merchandise Inventory Cash Accounts Receivable Salary Expense Cash Miscellaneous Expense Cash Miscellaneous Expense Cash Bob Durham Drawing Cash Cash Sales Cost of Merchandise Sold Merchandise Inventory Accounts Receivable Sales Cost of Merchandise Sold Merchandise Inventory 3,000 3,000 1/25 4,000 4,000 1/25 2,500 2,500 1/26 3,000 3,000 1/28 2,000 2,000 1/30 200 200 1/30 150 150 1/31 2,000 2,000 1/31 3,000 3,000 1/31 1,000 1,000 1/31 2,000 2,000 1/31 500 500 1/31 100 100 1/31 1,500 1,500 1/31 Adjusting Entries Insurance Expense Prepaid Insurance Cost of Merchandise Sold Merchandise Inventory Depreciation Expense Accumulated depreciation Salary Expense Salary Payable Rent Expense Prepaid Rent 250 250 1/31 500 500 1/31 700 700 Date 1/31 Debit 16,000 Credit 16,000 1/31 15,000 Closing Entries Description Sales Income Summary Income Summary Cost of Merchandise Sold Salary Expense Rent Expense Depreciation Expense Insurance Expense Miscellaneous Expense Income Summary Bob Durham Capital Bob Durham Capital Bob Durham Drawing 9,000 4,400 700 250 100 550 1/31 1,000 1,000 1/31 2,000 2,000 Credit Unadjusted Trial Balance Ending January, 31 2020 Debit Cash 18,950.00 Accounts Receivable 4,000.00 Merchandise Inventory 8,500.00 Prepaid Rent 2,000.00 Prepaid Insurance 1,000.00 Office Equipment 16,000.00 Accumulated Depreciation Accounts Payable Salaries Payable Bob Durham Capital Bob Durham Drawing 2,000.00 Sales Cost of Merchandise Sold 7,500.00 Salary Expense 3,900.00 Rent Expense Depreciation Expense Insurance Expense Miscellaneous Expense 550.00 Income Summary 1,500.00 9,500.00 37,400.00 16,000.00 64,400.00 64,400.00 Credit Computers R Us Adjusted Trial Balance Ending January, 31 2020 Debit Cash 18,950.00 Accounts Receivable 4,000.00 Merchandise Inventory 7,000.00 Prepaid Rent 1,300.00 Prepaid Insurance 900.00 Office Equipment 16,000.00 Accumulated Depreciation Accounts Payable Salaries Payable Bob Durham Capital Bob Durham Drawing 2,000.00 Sales Cost of Merchandise Sold 9,000.00 Salary Expense 4,400.00 Rent Expense 700.00 Depreciation Expense 250.00 Insurance Expense 100.00 Miscellaneous Expense 550.00 Income Summary 1,750.00 9,500.00 500.00 37,400.00 16,000.00 65,150.00 65,150.00 Prepaid Rent 2,000 CASH 10,000 1,000 4,000 3,000 4,000 3,000 3,000 18,950 18,950 500 200 2,000 2,000 2,000 200 150 2,000 2,000 700 1,300 Accumlated Dep. 1,500 1,500 250 1,750 Bob Durham, Capital 37,400 37,400 37,400 1,000 Unadjusted Ledger Accounts A/R Merch Inventory 6,000 1,000 12,000 1,500 3,000 3,000 4,000 2,000 2,000 3,000 2,500 1,000 4,000 500 4,000 8,500 Prepaid Insurance 7,000 1,500 1,000 1,000 Office Equipment 900 100 16,000 16,000 Accounts Payable 16,000 500 8,000 2,000 4,000 Salaries Payable 9,500 100 100 9,500 500 Income Summary 500 15,000 16,000 100 Salary Expense 1,900 2,000 Bob Durham, Drawing 3,900 2,000 500 4,400 2,000 Rent Expense 2,000 700 2,000 700 Deprecation Expense 700 250 250 Insurance Expense 250 100 36,400 2,000 Sales Misc. Expense 200 200 150 550 3,000 4,000 4,000 3,000 2,000 550 16,000 16,000 16,000 550 Cost of Merchandise Sold 1,500 2,000 2,500 1,000 500 7,500 1,500 9,000 9,000 100 100 Computers R Us Balance Sheet As of January 31, 2020 Assets Liabilities Owners Equity Computers R Us Income Statement For the Month Ending January 31, 2020 Computers R Us Statement of Owner's Equity For the Month Ending January 31, 2020Step by Step Solution
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