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Posted on Aug 30, 2024

please correctly complete my income statement, statment of stockholders equity, and balance sheet with the given information. Lennys Lawn Service - General Ledger RA ACCOUNT

please correctly complete my income statement, statment of stockholders equity, and balance sheet with the given information. image text in transcribed

Lennys Lawn Service - General Ledger RA ACCOUNT 100 NOT 71 7.1 761 2008 25,000 70,00 9 1 8 1 7226000 1-1 48 30000 500.00 5.800.00 MO 1 1 3 4200.00 3.500.00 7,000.00 SOLD So be 145.00 7.16 5,205.00 2 2 22.750.00 30,000.00 7,100.00 SORES DE 96.295.00 De 12 500 2 7-21 2 3 13,500.00 500 00 3.800 og 1.620.00 6.500.00 25 000 00 WALD 111 GPS OCD BOSC D 3 ACCE 105 Accounts occable Creo 7.1 13 Br 33,500.00 5,286 od SCOOCO 22 D 1-12 8 3.500.00 5,295 00 30 000.00 20.000 cl 7.20 7:23 2 5,450 od 19, 1500 5.com NO OD A 110 Supplies D Tap Dance 7.1 T-19 7.31 4 375 22,750 od 437 20OC DE 2 2,275.00 Actu 10 Equipment 201 Cred 7-1 7.1 Del 2,000 46,300 od 000.00 6300 De 1 ACCOURCE 155 Accumulated precio 2 7.1 7.31 Denne TR000 OE 10,000 DO 114500 H21 . XFx 3675 GALAN A. Acas DAT M 1 2 al 1.070.00 85000 TO SPOD 1100 1020 00 Wages Payee M KI 22.07.2011 000 DOVE A 1 Tharest Payaso 1 ware 4 000 950.00 0.000 050.000 A 2 Unearned Revenue Db M 23 2 3 00000 18,500.00 Balance 3.000.000 2000 1.400.000 8.00000 AC 230 Dividende Payable De BG Bagong 0.00 + } 25,000.00 0.000 25.000.000 0.000 25,000.00 A 20 Note Pays pati TT 1.1 1 0.001 35.000.00 0.000 35.000.000 AD Common Stock DO Bunge T. Ondit 50,000.00 70,500.00 52.000.000 120.000.000 Account Debit T-1 De Red 43.125.00 Balance UPO 22.125.000 PE 1 25,000.00 ' === Paste BTU 1 ch H17 X fx NO M 100 200 003 MWG SUMER 05 20000 upplies Expense B Se Gol . 10 TONE ART C GO 4800 100 WE C 2.00 COOL 1 . 7000 71000 1300 1 3 1 LE SEM 10 TO NT Than - De 1 520 De 0000 5 001 1.15 Event 0 Lenny's - July 31, 2021 Pre-Closing Trial Balance Account Account Name Debit Credit 86,075.00 24,600.00 23,850.00 96,300.00 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 19,745.00 650.00 3,675.00 950.00 18,500.00 0.00 35,000.00 120,500.00 23,125.00 46,495.00 4,295.00 650.00 29,675.00 500.00 1,745.00 950.00 268,640.00 268,640.00 Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 Enter amounts into the Fina Do NOT copy cells from the Service Revenue $46,495.00 Operating Expenses: Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income (4,295.00) (650.00) (29,675.00) (500.00) (1,745.00) (36,865.00) 9,630.00 (950.00) $8,680.00 Note the new lin Income from O the normal opera Interest Expens business but rati below Income frc from Income fror Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 Common Stock $50,000.00 70,500.00 Beginning Balance July 1, 2021 Issue Common Stock Net Income Dividends Ending Balance July 31, 2021 Retained Earings Total $48,125.00 $98,125.00 70,500.00 8,680.00 8,680.00 0.00 0.00 $56,805.00 - $177,305.00 $120,500.00 Lenny's Lawn Service, Inc. Balance Sheet as of July 31, 2021 Enter amounts into the Bala Do NOT copy cells from the Assets Current Assets: Cash Accounts Receivable Supplies Total Current Assets Property & Equipment: Equipment Accumulated Depreciation Property & Equipment, net Total Assets $86,075.00 24,600.00 23,850.00 134,525.00 Note the following thr Lenny's Balance She 96,300.00 (19,745.00) 76,555.00 $211,080.00 Total Current Asset which will turn-into ca be consumed during comparison of Total Liabilities gives some that is, its ability to pa Property & Equipme Asset cost, which rem accounting periods. $650.00 3,675.00 950.00 18,500.00 23,775.00 Total Current Liabilit liabilities that will requ months. In the case current liability will be mowing services to th Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable Wages Payable Interest Payable Uneamed Revenue Total Current Liabilities Long-Term Liabilities: Note Payable Total Liabilities Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 35,000.00 58,775.00 120,500.00 23,125.00 143,625.00 $202,400.00 Directions Trans Chart Accts Journal GL Assets Ready