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Oriole Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement items for Oriole Company. Accounts payable $94,000 N.
Oriole Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement items for Oriole Company. Accounts payable $94,000 N. Woods, capital, October 1, 2021 $36,600 Accounts receivable 87,500 N. Woods, drawings 6,000 Advertising expense 3,900 Rent expense 2,200 Cash 54,600 Service revenue 23,600 ORIOLE COMPANY Income Statement Month Ended October 31, 2021 Revenues Service revenue $23,600 Expenses Advertising expense $3,900 Rent expense 2,200 Total expenses 6,100 Profit $17,500 ORIOLE COMPANY Statement of Owner's Equity Month Ended October 31, 2021 N. Woods, Capital, October 1 $36,600 Add: Profit 17,500 54,100 Less: Drawings 6,000 N. Woods, Capital, October 31 $48,100 Using the above data and the information from Oriole's statement of owner's equity, prepare a balance sheet for Oriole Company. ORIOLE COMPANY Balance Sheet Assets ORIOLE COMPANY Balance Sheet Assets EA $ $ Liabilities and Owner's Equity $ +A
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