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P2-3 The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation. Acct. No. 210 110 610
P2-3 The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation. Acct. No. 210 110 610 101 3.20 183 182 236 631 641 160 420 656 226 668 669 370 677 Findlay Consultants Corp. Trial Balance At January 31, 2015 Account Accounts payable Accounts receivable Advertizing expense expense Share capital Equipment Furniture Utilities payable Insurance expense Maintenance expense Prepaid advertizing Fees earned Rent expense Salaries expense Salaries payable Supplies expense Telephone expense Truck Truck operating expense Wages expense Account Balonces Credits Debits $9,000 150 2,000 200 300 9,500 350 125 9,000 $ 3,625 7,000 4,000 1,000 250 400 2,600 1,500 750 1,500 Required: 1. Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions. Re-add total debits and credits and ensure they are equal. Assume all accounts have normal balances. 2. Prepare an income statement and statement of changes in equity for the month ended January 31, 2015. 3. Prepare a balance sheet at January 31, 2015. The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation. Findlay Consultants Corp. Trial Balance At January 31, 2015 Required: 1. Prepare a corrected trial balance at January 31 . List the accounts in numerical order, Record the amounts in their proper debit or credit. positions. Ren-add total debits and credits and ensure they are equal. Assume all accounts have normal balances. 2. Prepare an income statement and statement of changes in equity for the month ended January 31, 2015. 3. Pregare a balance sheet at danuary 31,2015 . P2-3 The follewing trial balonce was playted for findlay Consultants Corp. at January 31, 2015, its first month of cperation. Findisy Consultants Corp. Trial Balance At January 31, 2015 Aequirif. 1. Piepare a cuerected tral talance at danuary I1. Un the accounts in numerical oriter. necord the amoante in their proper debit or credit poitione. Me ald total debers and credits and enture they are Equat Aazume all ocrounts heve normal balancti. 2. Fegare an income itatement and scatenent of changes in equaty for the month ended Linaary 11, 2015. 1. Prepare - tatance theet at whary 31/2015
P2-3 The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation. Acct. No. 210 110 610 101 3.20 183 182 236 631 641 160 420 656 226 668 669 370 677 Findlay Consultants Corp. Trial Balance At January 31, 2015 Account Accounts payable Accounts receivable Advertizing expense expense Share capital Equipment Furniture Utilities payable Insurance expense Maintenance expense Prepaid advertizing Fees earned Rent expense Salaries expense Salaries payable Supplies expense Telephone expense Truck Truck operating expense Wages expense Account Balonces Credits Debits $9,000 150 2,000 200 300 9,500 350 125 9,000 $ 3,625 7,000 4,000 1,000 250 400 2,600 1,500 750 1,500 Required: 1. Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions. Re-add total debits and credits and ensure they are equal. Assume all accounts have normal balances. 2. Prepare an income statement and statement of changes in equity for the month ended January 31, 2015. 3. Prepare a balance sheet at January 31, 2015.
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