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My balance sheet is wrong in part 3 as you can see. I need some help fixing that please. I also need some help in
My balance sheet is wrong in part 3 as you can see. I need some help fixing that please.
I also need some help in placing the proper things in the income statement.
File Home Thselt Page Layout Formulas Data Review View Developer Help Shale Lomments 2 D E' 47 5 Times New Roman ~ 11 BIU - Font A A A- === du SE alle Wrap Text E Merge & Center - General $ -% 3 Insert" Delete Format Paste 0 % , 40.00 Ideas Sensitivity Conditional Format as Formatting Table Styles Cell Styles Sort & Find & Filter Select Editing Clipboard Alignment Number Cells Ideas Sensitivity E F G H I J L M N O P Q R S T Income Statement: Part 3: Below are the accounts for Ben Inc. The company just completed its fourth year of operations ended December 31, 2019. Prepare the (1) Income Statement and the (2) Balance Sheet for Ben Inc. Use the provided tables and add proper headings when making these statements. 1 1940 1941 $ $ Revenues Cash Service $ 213,000 Cash Accounts Payable Service Fees Revenve Supplies Expense Insurance Expense Retained Earnings, 1/1/19 Building Rent Expense Salaries Expense Supplies Inventory Maintenance Expense Contributed Capital Notes Payable Accounts Receivable Dividends (declared and paid during 2019) 213,000 34,000 275,000 8.000 4,000 41,000 80,000 10,000 56,000 32,000 7,000 46,000 32,000 16,000 2,000 Balance Sheet: 1942 1941 1 Instructions Part 1 Part 2 Part 3 + Beady - - H+ + 70% File Home Insert Page Layout Formulas Data Review View Developer Help Share Comment 11 A A General 9 P B | E 47 0 Times New Roman BIUD 4 === D Insert 9X Delete Format Wrap Text E E Merge & Center - Paste Le A $ -% Sensitivity Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Editing Clipboard Font Alignment Number Cells Ideas Sensitivity E F G H I J L M N O P Q R S T Accounts Receivable Dividends (declared and paid during 2019) 16,000 2.000 Assets Cash Service fee revenue Property, Supplies inventory Accounts receivable Total Assets Liabilities Accounts, Note Payable Building rent, Supplies expense Maintence, Insurance expense $ $ $ $ $ 213,000 275,000 112,000 16,000 616,000 $ I $ $ 32,000 18.000 11,000 Stockholder's Equity Contributed Capital Dividends Retained Earnings $ $ $ 46,000 2.000 41,000 $ 150,000 Instructions Part 1 Part 2 Part 3Step by Step Solution
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