Question
Produce the final accounts for a sole trader business a Programming Company from task 1 including profit and loss account, owners equity statement, and balance
Produce the final accounts for a sole trader business a Programming Company from task 1 including profit and loss account, owners equity statement, and balance sheet for the Period ended July 31st. (i need this table filled ASAP to pass I WILL UPVOTE YOU)
a Programming Company
Change in owner equity for the Period ended July. 31, 2021
| Account Title | |
| Capital | |
| Add : | |
| Less : Drawings | |
| = | |
using the trial balance that you have here:
| Account | Debit | Credit |
| Cash | 121,985 | |
| Capital | 150,000 | |
| Equipment | 30,000 | |
| Supplies | 3,500 | |
| A/P | 3,500 | |
| Services revenue | 15,000 | |
| A/R | 3,000 | |
| Inventory | 3,975 | |
| Sales. Revenue | 10,000 | |
| Sales return | 1,000 | |
| Sales discount | 540 | |
| Drawings | 2,000 | |
| Unearned. Revenue | 6,000 | |
| Rent. Exp | 950 | |
| Salaries. Exp | 2,800 | |
| Utilities. Exp | 1,250 | |
| Prepaid. Insurance | 6,000 | |
| Cost of sales | 7,500 | |
| Total | 184,500 | 184,500 |
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