Prepare income statement, equity and balance sheet. Acco unt No. D. RAMOS GRAPHIC ARTS TRIAL BALANCE...
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Prepare income statement, equity and balance sheet. Acco unt No. D. RAMOS GRAPHIC ARTS TRIAL BALANCE JUNE 30, 2011 ACCOUNT TITLE Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Building Accounts Payable Salaries Payable Notes Payable Mortgage Payable Ramos, Capital Ramos, Withdrawal Art Revenues Interest Expense Miscellaneous Expense Representation Expense Salaries Expense Travel Expense Advertising Expense Depreciation Expense - Building Depreciation Expense - Equipment TOTAL P DEBIT 36,200 219,000 17,200 120,000 450,000 217,000 148,600 37,000 24,600 164,000 673,200 159,000 105,000 30,000 30,000 P2,430,800 P CREDIT 60,000 60,000 Required: Prepare financial performance, statement of equity and financial position 122,500 17,300 213,000 395,000 125,500 1,437,500 P2,430,800 Prepare income statement, equity and balance sheet. Acco unt No. D. RAMOS GRAPHIC ARTS TRIAL BALANCE JUNE 30, 2011 ACCOUNT TITLE Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Building Accounts Payable Salaries Payable Notes Payable Mortgage Payable Ramos, Capital Ramos, Withdrawal Art Revenues Interest Expense Miscellaneous Expense Representation Expense Salaries Expense Travel Expense Advertising Expense Depreciation Expense - Building Depreciation Expense - Equipment TOTAL P DEBIT 36,200 219,000 17,200 120,000 450,000 217,000 148,600 37,000 24,600 164,000 673,200 159,000 105,000 30,000 30,000 P2,430,800 P CREDIT 60,000 60,000 Required: Prepare financial performance, statement of equity and financial position 122,500 17,300 213,000 395,000 125,500 1,437,500 P2,430,800
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Q Prepare income statement equity and balance sheet Solution The income statement for D Ramos Graphic Arts for the year ended June 30 2011 is prepared ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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