Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with the balance sheet. Additional info is provided income statement Oriole Company ended its fiscal year on July 31. 2020. The company's

I need help with the balance sheet. Additional info is provided
image text in transcribed
image text in transcribed
income statement
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Oriole Company ended its fiscal year on July 31. 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. 112 Accounts Recelvable 157 Equipment 9.400 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Uneamed Rent Revenue 15,500 301 Owner's Capital 46.000 306 Owner's Drawings 15,500 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 7.700 726 Salaries and Wages Experise 56,100 732 Utilities Expense $129,80015,000= For the Year Ended July 31, 2020 Service Revenue Rent Revenue Total Revenues Expenses Depreciation Expense: Salaries and Wages Expense \begin{tabular}{|r|r|} \hline & 56100 \\ \hline \end{tabular} Utilities Fxpense Total Expenses Prepare an owner's equity statement for the year. Oriole did not make any capital investments during the year. ORIOLE COMPANY Balance Sheet July 31, 2020 Assets $ Llabilities and Owner's Equity Current Liabilities Total Lhabilities $ 5

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

More Books

Students also viewed these Accounting questions