Question
Interim statements consist of year-to-date income statements, statements of owner's equity, and balance sheets as of various dates during the fiscal period. Assume that Marias
Interim statements consist of year-to-date income statements, statements of owner's equity, and balance sheets as of various dates during the fiscal period. Assume that Marias Beauty Spas fiscal period does not end on June 30 but rather December 31.
Maria's Beauty Spa Adjusted Trial Balance June 30, 20--
ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE
Cash 11,185.00
Accounts Receivable 750.00
Supplies 220.00
Prepaid Insurance 500.00
Accounts Payable 150.00
Maria Costa, Capital 10,520.00
Maria Costa, Drawing 1,200.00
Income from Spa Services 7,500.00
Wages Expense 2,620.00
Rent Expense 700.00
Telephone Expense 65.00
Supplies Expense 585.00
Miscellaneous Expense 345.00
Using the above information complete an interim balance sheet for June for Maria's Beauty Spa. Maria's Beauty Spa Balance Sheet June 30, 20--
Assets $
_________
_________
_________
_________
Total Assets $
Liabilities $
Owner's Equity
__________
Total Liabilities and Owner's Equity $
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