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Kinldy solve the P1-2A problem of Tabular Analysis. (Kindly do it without Debit or Credit column. The necessary columns are given in the INSTRUCTIONS (a).
Kinldy solve the P1-2A problem of Tabular Analysis. (Kindly do it without Debit or Credit column. The necessary columns are given in the INSTRUCTIONS (a). Regards.
10. Provided repair service on account to customers $750. 11. Collected cash of $120 for services billed in transaction (10). Instructions (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash. (a) Total Accounts Receivable, Supplies, Equipment, Accounts Payable, N. Barone, Capital; N. Barone, Drawings; Revenues, and Expenses. (b) From an analysis of the owner's equity columns, compute the net income or net loss for May. (b) Neti P1-2A Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On Analyze August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, prepare i Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital $13,700. During owner's September the following transactions occurred. balances 1. Paid $2,900 cash on accounts payable. (SO 6, 7, 2. Collected $1,300 of accounts receivable. 3. Purchased additional office equipment for $2,100, paying $800 in cash and the balance on ac- count. 4. Earned revenue of $8,000, of which $2,500 is paid in cash and the balance is due in October. 5. Withdrew $1,000 cash for personal use. 6. Paid salaries $1.700.rent for September $900, and advertising expense $300. 7. Incurred utilities expense for month on account $170. 8. Received $10,000 from Capital Bank-money borrowed on a note payable. Instructions (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. (a) Total as The column headings should be as follows: Cash + Accounts Receivable + Supplies + Office Equipment = Notes Payable + Accounts Payable + M. Gonzalez, Capital - M. Gonzalez, Drawings + Revenues - Expenses. vecm (D) Prepare an income statement for September an owner's equity statement for SeptemberStep by Step Solution
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