Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please look out all the columns and fill it exact, don't miss the columns (income statement columns) and I will post part (b2) (b3) in

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedplease look out all the columns and fill it exact, don't miss the columns (income statement columns) and I will post part (b2) (b3) in the comment please answers on the comment.

Alena Co. was organized on July 1, 2022. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. ALENA CO. Trial Balance September 30, 2022 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $8,700 $8,700 Accounts Receivable 10,400 11,500 Supplies 1,500 650 2,200 500 Prepaid Rent Equipment 18,000 18,000 Accumulated Depreciation Equipment $ 0 $ 700 Notes Payable 10,000 10,000 Accounts Payable 2,500 2,500 Salaries and Wages Payable 0 725 Interest Payable 0 100 Unearned Rent Revenue 1.900 450 Owner's Capital 22,000 22,000 Owner's Drawings 1,600 1,600 Service Revenue 16,000 17,100 Rent 1,410 2,860 Salaries and Wages Expense 8,000 8,725 Rent Expense 1,900 3,600 Depreciation Expense 700 Supplies Expense 850 Utilities Expense 1,510 1,510 Interest Expense 100 $ 53.810 $ 53,810 $ 56,435 $ 56,435 (61) Prepare an income statement for the 3 months ending September 30, 2022. ALENA CO. Income Statement $ $ Save for Later (b2) The parts of this question must be completed in order. This part will be available when you complete the part above. (53) The parts of this question must be completed in order. This part will be available when you complete the part above

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

Students also viewed these Accounting questions