Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Income Statement and balance Sheet on March 1, 2016 Any Dartbegon Dart Delary service which proces delivery of bukmailings to the post office, neghborhood delivery

image text in transcribed
image text in transcribed
Income Statement and balance Sheet on March 1, 2016 Any Dartbegon Dart Delary service which proces delivery of bukmailings to the post office, neghborhood delivery of weekly newspapers dat de very to computer service centers and various other delivery Services and ans. On February 2 Diested 50,000 of her own funds in the form and borrowed 524.000 from her father on a month non interest bear note payable. The following information at March 31 Actors53300 7300 3.000 St Scope w 100 200 34000 1200 pe Required Prepare an income water for the month of March De with your DART DELIVERY SERVICE Income Statement For the Month Indied Math 11, 2016 DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 Rent Expense Delivery Fees Earned $ 77,200 Expenses 0 Advertising Expense 3,600 Supplies Expense 10,800 Salaries Expense 25,200 Insurance Expense 3,200 Miscellaneous Expense 800 Total Expenses 43,600 33,600 b. Prepare a balance sheet as of March 31, 2016. DART DELIVERY SERVICE Balance Sheet As of March 31, 2016 ASSETS LIABILITIES Accounts Receivable $ 38,800 Accounts Payable $ 4,800 Cash 51,600 Notes payable 24,000 Supplies 0 Total Liabilities $ STOCKHOLDERS' EQUITY Common Stock 60,000 Retained Earnings 0 Total Stockholders' Equity $ Total Assets $ 0 Total Liabilities and Stockholders' Equity $ Please answer all parts of the question. 0 0 0

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_2

Step: 3

blur-text-image_3

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

Forensic And Investigative Accounting

Authors: Professor D. Larry Crumbley, Lester E. Heitger, G. Stevenson Smith

8th Edition

0808046241, 9780808046240

More Books

Students also viewed these Accounting questions

Question

OUTCOME 3 Outline the methods by which firms recruit externally.

Answered: 1 week ago

Question

OUTCOME 2 Outline the methods by which firms recruit internally.

Answered: 1 week ago