Question
On July 31, 2020, the account balances of ABC Co. for the month are listed below. The capital of the owner was Rial 25,000 on
On July 31, 2020, the account balances of ABC Co. for the month are listed below. The capital of the owner was Rial 25,000 on July 1, 2020, the beginning of the month. The company was able to generate Rial 31,200 in Net Income for the month of July. Account Name Balance OMR Accounts Payable 3,400 Accounts Receivable 34,500 Cash 32,600 Sales Revenues xxx Auto Expense 16,000 Personal loan 3,000 Miscellaneous expense 4,800 Beginning Equity 25,000 Miscellaneous expense 4800 Supplies 2,500 Rent Expense 33,000 Dividends 15,000 Salary expense 55,000 Supplies expense 4,500 Prepare a statement of balance sheet for the or the month ended July 31,2020.
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