Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please help with A2 of the question. Already answered part one. Thank you Attempts of used (22) Prepare an owner's equity statement for August 31,

Please help with A2 of the question. Already answered part one. Thank you
image text in transcribed
image text in transcribed
image text in transcribed
Attempts of used (22) Prepare an owner's equity statement for August 31, 2022. (list items that increase owner's equity first.) WILDHORSE & CO. Owner's Equity Statement August 31, 2022 For the Month Ended August 31, 2022 For the Year Ended August 31, 2022 5 eTextbook and Media List of Accounts Sve for later Attempts: 0 of 3 used Submit Answer (a3) Question 6 of 7 1/3 E View Policies Show Attempt History Current Attempt in Progress An analysis of transactions for Wildhorse & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $ 700 for rent, $ 5.800 for salaries and wages, and $ 300 for utilities Cash Accounts Receivable Owner's Capital Accounts Payable Supplies + Equipment Owner's Drawings Revenues 1 *5 14.700 *$ 14.700 2 1,700 +$ 4.000 +$ 2.300 3 - 800 $ 800 4 +$ 3,800 4,800 +$8,600 5 1.500 - 1,500 6. 2.100 -$2,100 7. - 700 8. +500 - 500 9. 5,800 10 +300 Assume that August is the company's first month of business. (a 1) Your Answer Correct Answer Your answer is correct Prepare an income statement for August 31, 2022. WILDHORSE & CO. Income Statement For the Month Ended August 31, 2022 6 Revenues Service Rome 8600 Expenses Rent Espen 700 i Stand Wood Expense 5.800 300 Total Expenses 6.00 Net Income/Loss 1500 e Textbook and Media Solution Ust of Accounts Attempts: 3 of 3 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

9th Edition

9781259722660

Students also viewed these Accounting questions