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Plz plz help: The associated answer is already solved in Chegg I need the INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Proprietor: Mr. Isell
Plz plz help:
The associated answer is already solved in Chegg
I need the INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY
Proprietor: Mr. Isell Holmes Name: Realtor 21 Description: Real Estate Agent 11 2,380 The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2022) Furniture Promotional Material Supplies Capital $14,947 $19,742 $31852 $7,864 $27.944 $26,121 $545 ? Additional Information: Bank loan interest rates (% per year) Motor vehicle useful life (years) Motor vehicle serap value (S) Insurance paid for months) Rent paid for months) Furniture useful life (years) Furniture scrap value (S) Closing stock of promotional materials 30/6 ($) Staff work a 14 day fortnight and are paid on the 15th day. 797 Transactions: Date Description 1-Jun Paid General Insurance 1-Jun Rental commission - Account 3-Jun Rental commission - Account 7-Jun Purchase promotional materials 8-Jun Sundry Expenses 13-Jun Rental commission - Cash 14-Jun Auction commission - Account 15-Jun Staff Wages 20-Jun Rental commission - Cash 21-Jun Motor Vehicle Expenses 24-Jun Additional cash contributed by owner 25-Jun Advertising placement fees - Account 28-Jun Auction commission - Cash 29-Jun Staff Wages Amount $2,238 $1,491 $1,240 $735 $375 $1,777 $1,015 $2,539 $1,568 $245 $3,389 $1,146 $1,796 $2,539 Date Description 1-Jun Advertising placement fees - Cash 3-Jun Rent of Business Premises 4-Jun Advertising placement fees - Cash 7-Jun Receive Payment from Account Customers 11-Jun Payment to Account Payable 13-Jun Advertising Expense - Account 15-Jun Advertising placement fees - Account 17-Jun Cash Withdrawals by Owner 21-Jun Payment to Account Payable 23-Jun Auction commission - Cash 25-Jun Receive Payment from Account Customers 27-Jun Auction commission - Account 28-Jun Advertising Expense - Cash Amount $1,067 $4,130 $742 $1,706 $779 $1,486 $1,016 S988 $580 $1,890 $1,466 S883 $686
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