Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i posted the worksheet first, please correct or fill in the yellow blanks on the other statement sheets, thank you! A Byte of Accounting, Inc.

i posted the worksheet first, please correct or fill in the yellow blanks on the other statement sheets, thank you! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2023 Balance, Beginning of Period Net Income Dividends Balance, End of Period Total $ 1,295.00 1,232.33$2.527.33 A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2023 A Byte of Accounting, Inc. Balance Sheet As of June 30,2023 Assets Current Assets Cash Accounts Recelvable Prepald Insurance Prepald Rent Office Supplies Total Long-Term Assots Ofice Equip. Accum. Depr-Office Equip. Computer Equip. Accum. Depr-Computer Equip. Building Cost Accum. Depr-Bullding Land Total Total Assets Liablitios Current Llabilitios Accounts Payable Advancod Payment Interest Payable Salaries Payable Income Taces Payable Total Long-Torm Liabilitios Morlgage Payable Notes Payable Total Total Labilities Stockholdor's Equity Capital Stock Rotained Earnings Total Total Liablitios and Stockholdor's Equity A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2023 Revenues Computer \& Consulting Revenue $12,910.00 Expenses Rent Expense Salary Expense Advertising Expense Repairs \& Maint. Expense Oil \& Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses Net Income Before Tax Income Tax Expense (Round to two dedmal placoes) Net Income After Tax \begin{tabular}{|rr|} \hline$ & 3,400.00 \\ \hline$ & 2,516.00 \\ \hline$ & 400.00 \\ \hline$ & 875.00 \\ \hline$ & 815.00 \\ \hline$ & 292.00 \\ \hline$ & 1,295.00 \\ \hline$ & 5.808 .00 \\ \hline$ & - \\ \hline \end{tabular} \begin{tabular}{|rr|} \hline & 3,400.00 \\ \hline$ & 2,516 \\ \hline$ & 400.00 \\ \hline & 815.00 \\ \hline & 292 \\ \hline$ & 1,295.00 \\ \hline & 5808 \\ \hline \end{tabular}

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

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

Students also viewed these Accounting questions