Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please fill in the blank chart. If needed I posted a similar question I already answered. The next images are completed and do not need
Please fill in the blank chart. If needed I posted a similar question I already answered.
Line TRANSACTION 1 BALANCE SHEET 2 ASSETS 3 Cash 4 Accounts Receivable 5 Inventory 6 Prepaids 9 10 6/30/2013 8 Equipment 9 Accumulated deprection 10 Net equipment (8+9) 12 TOTAL ASSETS (3145+6+10) 13 14 LIABILITIES + OWNERS EQUITY 15 Accounts Payable 16 Accruals 17 Notes Payable 18 TOTAL LIABILITIES (15+16+17) 19 20 Original Investment 21 Retained Earnings 22 OWNERS EQUITY (20 21) 23 24 TOTAL LIABILTIES+OE (18422) 25 26 CHECK 27 28 29 INCOME STATEMENT 30 Sales 31 Cost of Goods Sold 32 Gross Profit (30-31) Depreciation Expense Other expenses 34 35 36 37 Net Income (32-34-35) The next images are completed and do not need any work. They are there to help if needed.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started