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Prepare a mulit-step income statement, balance sheet, and statement of owner's equity. I can't figure out the income statement but I believe I can get
Prepare a mulit-step income statement, balance sheet, and statement of owner's equity. I can't figure out the income statement but I believe I can get the other two!
Yoder's Cool Stuff Worksheet For the month ended 12/31/13 Balance Income Adjusted Sheet Trial Balance Adjustments Trial Balance Credit Debit Debit Credit Debit Credit Credit Credit Debit Debit 37 Account Name 37 37 sh Receivable a 2000 4000 Merchandise Inven 60 175 Supplies Prepaid Insurance 175 25 Equipment f 1000 A/Depr-Equipment 18 Payable 50 Wages Payable PY,Capital PY, Drawing 2000 b 4000 a 2000 Income Summar 1265 1265 1265 Sales Sales Returns & Allowances Purchases 50 65 Wages Expense Rent Expense 60 Supplies Expense Telephone Expense 25 Insurance Expense 1000 Depreciation Expense 925 13365 1665 25 12535 25 713 713 20850 20850 411 Totals 411 Net Income 1336 13365 16650 166 Totals Note: Beginning Inve 2,000 Ending Inve 4,000Step by Step Solution
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