Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need an income statement for the worksheet above begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} hline multicolumn{10}{|c|}{ Outdoor Rentals } hline multicolumn{10}{|c|}{ Work Sheet } hline multicolumn{10}{|c|}{ For

image text in transcribed

i need an income statement for the worksheet above

image text in transcribed \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Outdoor Rentals } \\ \hline \multicolumn{10}{|c|}{ Work Sheet } \\ \hline \multicolumn{10}{|c|}{ For the Month Ended September 30, 20-- } \\ \hline & \multirow{2}{*}{\begin{tabular}{c} ACCT. \\ NO. \end{tabular}} & \multirow{2}{*}{ ACCOUNT NAME } & \multicolumn{2}{|c|}{ TRIAL BALANCE } & \multicolumn{2}{|c|}{ INCOME STATEMENT } & \multicolumn{2}{|c|}{ BALANCE SHEET } & \\ \hline & & & DEBIT & CREDIT & DEBIT & CREDIT & DEBIT & CREDIT & \\ \hline 1 & 101 & Cash in Bank & 5,510.00 & & & & 5,510.00 & & 1 \\ \hline 2 & 105 & Accts. Rec. - Harriett Steinberg & 929.00 & & & & 929.00 & & 2 \\ \hline 3 & 110 & Accts. Rec. - Suffolk and Co. & 467.00 & & & & 467.00 & & 3 \\ \hline 4 & 115 & Office Supplies & 974.00 & & & & 974.00 & & 4 \\ \hline 5 & 120 & Office Equipment & 4,519.00 & & & & 4,519.00 & & 5 \\ \hline 6 & 125 & Camping Equipment & 6,300.00 & & & & 6,300.00 & & 6 \\ \hline 7 & 201 & Accts. Pay. - Expedition Equipment, Inc. & & 2,316.00 & & & & 2,316.00 & 7 \\ \hline 8 & 203 & Accts. Pay. - Digital Solution Computers & & 1,109.00 & & & & 1,109.00 & 8 \\ \hline 9 & 205 & Accts. Pay. - Gabriel Lorenzo & & 902.00 & & & & 902.00 & 9 \\ \hline 10 & 301 & Donald Stanford, Capital & & 13,260.00 & & & & 13,260.00 & 10 \\ \hline 11 & 305 & Donald Stanford, Withdrawals & 700.00 & & & & 700.00 & & 11 \\ \hline 12 & 310 & Income Summary & \begin{tabular}{ll} ---- \\ \end{tabular} & \begin{tabular}{ll} --- \\ \end{tabular} & \begin{tabular}{ll} ---- \\ \end{tabular} & \begin{tabular}{ll} ---- \\ \end{tabular} & & & 12 \\ \hline 13 & 401 & Equipment Rental Revenue & & 10,629.00 & & 10,629.00 & & & 13 \\ \hline 14 & 501 & Advertising Expense & 2,113.00 & & 2,113.00 & & & & 14 \\ \hline 15 & 505 & Maintenance Expense & 1,200.00 & & 1,200.00 & & & & 15 \\ \hline 16 & 515 & Rent Expense & 3,500.00 & & 3,500.00 & & & & 16 \\ \hline 17 & 525 & Utilities Expense & 2,004.00 & & 2,004.00 & & & & 17 \\ \hline 18 & & & 28,216.00 & 28,216.00 & 8,817.00 & 10,629.00 & 19,399.00 & 17,587.00 & 18 \\ \hline 19 & & Net Income & & & 1,812.00 & & & 1,812.00 & 19 \\ \hline 20 & & & & & 10,629.00 & 10,629.00 & 19,399.00 & 19,399.00 & 20 \\ \hline 21 & & & & & & & & & 21 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Accounting The Ultimate Guide To Accounting For Beginners

Authors: Greg Shields

1st Edition

1546332820, 978-1546332824

More Books

Students also viewed these Accounting questions

Question

What does it mean when the explanatory variables are collinear?

Answered: 1 week ago

Question

=+ Is the information documented and verifiable?

Answered: 1 week ago

Question

=+ Is the information presented in an objective manner?

Answered: 1 week ago