Question
prepare an income statement for the year ended July 31st, 2019 for bamboo consulting. if a net loss has been incurred, entered that amount as
prepare an income statement for the year ended July 31st, 2019 for bamboo consulting. if a net loss has been incurred, entered that amount as a negative number using a minus sign, be sure to complete the statement. heading used to list of label and the amount description for the correct wording of text item. other than account names, you would not need to enter columns on the income statement 1.(account) 2.label 3.(account) 4.(account) 5.(account) 6.(account) 7.(amount description) 8. (amount description)
prepared a statement of owner equity for the year ended July 31st, 2019 for bamboo consulting. no additional investment were made during the year for those boxes in which you must enter subtract or negative numbered due some minus sign. be sure to complete the statement. heading used to list of labels amount description for the correct wording of text item 1-5 (amount description)8
prepared a balance sheet as of July 31st 2019 for bamboo consulting. fix it as it must be entered in order according to account number. be sure to complete the statement. heading used to list of labels and amount description for the correct wording of text item. other than account name, you will need to enter column or the word less on a balance sheet. they will automatically insert where necessary 2.(label) 3-5.( account) 6.(amount description) 7.(label) 8-9 (account) 10-11(amount description) 13.(label) 14.(account) 15. 16.account description 18.(account) 19.account description
Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 2019: Chart of Accounts CHART OF ACCOUNTS Bamboo Consulting General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Office Equipment 51 Salary Expense 15 Accumulated Depreciation 52 Supplies Expense 53 Depreciation Expense LIABILITIES 54 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable EQUITY 31 Lisa Gooch, Capital 32 Lisa Gooch, Drawing 33 Income Summary Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended July 31, 2019 July 31, 2019 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Lisa Gooch, capital Lisa Gooch, capital, August 1, 2018 Lisa Gooch, capital, Jly 31, 2019 Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and owner's equity Total property, plant, and equipment Total revenues Withdrawals Prepare an income statement for the year ended July 31,2019 for Bamboo Consulting. If a net loss has been incurred, Prepare a statement of owner's equity for the year ended July 31,2019 for Bamboo Consulting. No additional investments Preaare a balance sheet as of July 31, 2019 for Bamboo Consulting. Fixed assets must be entered in ordStep by Step Solution
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