Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

nije Obiective: To prepare financial statements from the financial statement columns ok Figure $39.110 of a work sheet assets Directions: From the following partial work

image text in transcribed
nije Obiective: To prepare financial statements from the financial statement columns ok Figure $39.110 of a work sheet assets Directions: From the following partial work sheet of the Dave Rodriguez Company, prepare (1) an income statement, (2) a statement of owner's equity, and (3) a balance sheet. Account Title N Low 1 Cash 2 Accounts Receivable 3 Office Supplies Prepaid insurance 5 Office Equipment 6 Accumulated Depreciation-Office Equipment 7 Accounts Payable 8 Salaries Payable 9 Dave Rodriguez, Capital Dave Rodriguez, Drawing Service Revenue 12 Rent Expense 13 Salaries Expense 14 Utilities Expense 15 Depreciation Expense-Office Equipment Telephone Expense 17 Office Supplies Expense 18 Insurance Expense The Dave Rodriguez Company Work Sheet For Year Ended June 30, 20XX Income Statement Balance Sheet Debit Credit Debit Credit 2 8 00 00 3 00 00 90000 8 0000 35 5 1000 12 00 00 6 9 00 00 7 80008 14120009 10 80000 59 0 0 0 00 6 0 00 00 9870 00 6 2 0 0 00 8 00 00 5 60 00 4 00 00 3 60 00 2419000 590 00 00 5111000 16 3 0 0 0019 34 8 10 00 34 8 1 000 20 590 00 00 590 00 00 511 1000 51 11 000 21 20 Net Income

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

Step: 3

blur-text-image

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

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions