Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I provided the worksheet but I need to post transaction in a general ledger. I also need prepare a income statement, statement of owners equity,

I provided the worksheet but I need to post transaction in a general ledger. I also need prepare a income statement, statement of owners equity, balance sheet and a post closing trail balance. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Molly's Mec Delivery Service 3 Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below 4 They provide "home-cooked meals for corporate events as well as individual needs 5 Molly's operates with a December 31, 20XX financial year-end. 7 Chart of Accounts 9 Assets 10 101 11 140 12 145 13 150 14 175 15 175.1 16 176 17 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr.-Ovens Kitchen Equipment Accum. Depr.-Kitchen Equipment 20 201 21 210 Accounts Payable Wages Payable 23 24 Owner's Equity 25 301 26 302 27 28 9 Beve 30 401 Molly Murphy, Capital Molly Murphy, Drawing Meal Delivery Revenue 32 3 Expenses 14 501 35 511 36 521 Food Supply Expense Wage Expense Rent Expense

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

Question

Discuss the characteristics of successful guarantees.

Answered: 1 week ago