MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows:...
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MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account 101 Cash Debit $ 28,600 Credit 124 Shop supplies 2,100 128 Prepaid insurance 4,800 167 Equipment 91,000 168 Accumulated depreciation, equipment $ 8,100 201 Accounts payable 19,600 210 Wages payable 301 Mike Yang, capital 9,460 146,000 302 Mike Yang, withdrawals 39,000 401 Repair revenue 163,030 612 Depreciation expense, equipment 9,100 623 Wages expense 105,100 637 Insurance expense 2,200 640 Rent expense 55,350 650 Office supplies expense 5,400 690 Utilities expense 3,540 Totals $346,190 $346,190 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023. Prepare an income statement for the year ended December 31, 2023. Revenues: MY AUTOBODY Income Statement For Year Ended December 31, 2023 Operating expenses: Total operating expenses Prepare a statement of changes inequity for the year ended December 31, 2023. MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2023 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Prepare a balance sheet at December 31, 2023. Current assets: Total current assets Property, plant and equipment: Total assets Current liabilities: Total current liabilities MY AUTOBODY Balance Sheet December 31, 2023 Assets Liabilities Equity MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account 101 Cash Debit $ 28,600 Credit 124 Shop supplies 2,100 128 Prepaid insurance 4,800 167 Equipment 91,000 168 Accumulated depreciation, equipment $ 8,100 201 Accounts payable 19,600 210 Wages payable 301 Mike Yang, capital 9,460 146,000 302 Mike Yang, withdrawals 39,000 401 Repair revenue 163,030 612 Depreciation expense, equipment 9,100 623 Wages expense 105,100 637 Insurance expense 2,200 640 Rent expense 55,350 650 Office supplies expense 5,400 690 Utilities expense 3,540 Totals $346,190 $346,190 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023. Prepare an income statement for the year ended December 31, 2023. Revenues: MY AUTOBODY Income Statement For Year Ended December 31, 2023 Operating expenses: Total operating expenses Prepare a statement of changes inequity for the year ended December 31, 2023. MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2023 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Prepare a balance sheet at December 31, 2023. Current assets: Total current assets Property, plant and equipment: Total assets Current liabilities: Total current liabilities MY AUTOBODY Balance Sheet December 31, 2023 Assets Liabilities Equity
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