Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare the Income Statement for the period ended June 30 AND Balance Sheet for June 30. (I've included the Trial Balance and the General Journal)

Prepare the Income Statement for the period ended June 30 AND Balance Sheet for June 30. (I've included the Trial Balance and the General Journal) image text in transcribed
image text in transcribed
image text in transcribed
A 1 Pamper Lawn Service 2 Adjusted Trial Balance at June 30, 2021 3 Account Title Debits 4 Cash 5 Accounts Receivable 6 Fertilizer & Chemical Inventory 7 Prepaid Insurance 8 Trucks & Tanks 9 Accumulated Depreciation 10 Accounts Payable 11 Unearned Revenue 12 Wages Payable 13 Capital Stock 14 Retained Earnings 15 Service Revenue 16 Depreciation Expense 17 Attorney Fees 18 Advertising Expense 19 Fuel Expense 20 Insurance Expense 21 Wage Expense 22 Fertilizer & Chemical Expense 23 24 Total 25 Credits $9,500 $1,800 $2,000 $800 $30,000 $1,000 $1,700 $0 $600 $40,000 $9,800 $1,000 $200 $700 $500 $400 $3,200 $3,000 $53,100) $53,100 Date Credit Pamper Lawn Service Accounts Cash Capital Stock Debit $40,000 $40,000 Trucks & Tanks Cash $30,000 $30,000 10 2 Attomey Fees Accounts Payable $200 $200 15 14 Advertising Expense Cash $400 $400 Advertising Expense Cash $300 17 $300 Cash Uneamed Revenue $5,000 $5,000 Pre paid Insurance Cash $1,200 $1,200 25 7 26 Fertilizer & Chemical Inventory Accounts Payable $5,000 $5,000 Uneamed Revenue Service Revenue $1,000 $1,000 9 Uneamed Revenue Service Revenue $4.000 $4,000 Accounts Receivable Service Revenue $800 $800 10 Accounts Receivable Service Revenue $4,000 $4,000 11 $3,000 Cash Journ Entries Drop-Down Last teranca Pamper Lawn Service Accounts Debit Credit 3 Date 139 4011 $3,000 Cash Accounts Receivable $3,000 41 42 43 12 $3,500 Accounts Payable Cash $3,500 46 13 $2,600 Wage Expense Cash $2,600 48 49 14 $500 Fuel Expense Cash $500 52 15 $1,000 Depreciation Expense Accumulated Depreciation $1,000 $3,000 55 16 56 Fertilizer & Chemical Expense Fertilizer & Chemical Inventory $3,000 56 17 $400 Insurance Expense Pre-paid Insurance $400 18 $600 Wage Expense Wages Payable $600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Payroll Accounting 2019

Authors: Bernard J. Bieg, Judith A. Toland

29th Edition

1337619779

More Books

Students also viewed these Accounting questions