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Provided below is a partial work sheet for Ardery Advising. Ardery Advising Work Sheet (Partial) For Month Ended January 31, 20 Income Statement Balance Sheet
Provided below is a partial work sheet for Ardery Advising. Ardery Advising Work Sheet (Partial) For Month Ended January 31, 20 Income Statement Balance Sheet ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash 2,412.00 Accounts Receivable 896.00 Supplies 482.00 Prepaid Insurance 900.00 Office Equipment 3,000.00 Accum. Depr.-Office Equipment 2,000.00 Accounts Payable 2,190.00 Wages Payable 1,200.00 Notes Payable 3,000.00 Sam Ardery, Capital Sam Ardery, Drawing 2,200.00 800,00 Advising Fees 3,802.00 Wages Expense 1,800.00 Advertising Expense 400.00 Rent Expense 1,500.00 Supplies Expense 120.00 Phone Expense 300.00 Electricity Expense 44.00 Insurance Expense 200.00 Gas and Oil Expense 38.00 Depr. Expense-Office Equipment 1,000.00 Miscellaneous Expense Not nee 500.00 5,902.00 3,802.00 8,490.00 10,590.00 2.100.00 >100.00 eBook Depr. Expense Unice Equipment 1,000.00 Miscellaneous Expense Net Loss 500.00 5,902.00 3,802.00 8,490.00 10,590.00 2,100.00 2,100.00 5,902.00 5,902.00 10,590.00 10,590.00 During January, Ardery made an additional investment of $1,200. Required: 1. Prepare an income statement for Ardery Advising. Ardery Advising Income Statement For Month Ended January 31, 20-- 2. Prepare a statement of owner's equity for Ardery Advising. Use a minus sign for any negative amounts. Ardery Advising Statement of Owner's Equity For Month Ended January 31, 20- Total investment 00 3. Prepare a balance sheet for Ardery Advising. Ardery Advising Balance Sheet January 31, 20- Current assets: Assets Total current assets Property, plant, and equipment: Total assets Current liabilities: Check My Work Liabilities 0 3. Prepare a balance sheet for Ardery Advising. Ardery Advising Balance Sheet January 31, 20-- Assets Current assets: Total current assets Property, plant, and equipment: Total assets Current liabilities: Liabilities Total current liabilities Owner's Equity Total liabilities and owner's equity 100 0 100 0
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