Q : Hey guys, I need you to help me check the answer. I couldn't figure out the last one on the balance sheet.
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Topic: Five Step Thesis Workshop X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar. V - CH 5 Saved Help Save & Exit Check my Book Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation-Equipment Accounts Payable Selena Cantu, Capital Selena Cantu, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Totals Net Income Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 77,100 77,100 11,900 11,900 9,900 5,900 9,900 13,800 2,300 13,800 87,500 87,500 1,750 1,750 11,900 11,900 107,900 107,900 7,100 7,100 105,90 105,900 5,90 5,900 2,300 2,30 1,750 1,750 16,700 16,700 1,700 1,700 225,700 225,700 9,95 9,95 227,450 227,450 Income Statement Balance Sheet Debit Credit Debit Credit 77,100 11,900 4,000 11,500 87,500 1,750 11,900 107,900 , 10e 105,900 5,900 2,300 1,750 16,700 1,700 28,350 105,900 199,120 121,550 77,550 77,550 105,900 105,900 199, 100 199, 100 Print erences Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. here to search O mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A Saved CH5 riepale al IIICUMLE Slalemen. CANTU CORPORATION Income Statement Month Ended December 31, 2019 Revenue $ 105,900 Fees income K nces Expenses Supp:+s expense Advertising expense Depreciation expense equipment Salaries expense 5,900 2,300 1,750 16,700 1,700 Utilities expense Total expenses Net income 28,350 77,550 $ Mc Graw Hill Type here to search gi 2 17 12 f6 2 x - Topic: Five Step TI Connect McGraw-Hill Connect ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&.launchUrl=https%253A%252F%252FIn Saved P HW - CH 5 6 CANTU CORPORATION Balance Sheet December 31, 2019 Assets 42 oints $ 77,100 11,900 4,000 11,500 eBook Print Cash Accounts receivable Supplies Prepaid advertising Equipment Less: Accumulated depreciation equipment Total assets Liabilities and owner's equity Accounts payable $ 87,500 References 87,500 192,000 $ $ 11,900 Owner's equity Selena Cantu, Capital $ 107,900 Total liabilities and owner's equity $ 119,800 Required 2 Mc Graw Hill Analyze O Topic: Five Step Thesis Workshop X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar. V - CH 5 Saved Help Save & Exit Check my Book Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation-Equipment Accounts Payable Selena Cantu, Capital Selena Cantu, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Totals Net Income Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 77,100 77,100 11,900 11,900 9,900 5,900 9,900 13,800 2,300 13,800 87,500 87,500 1,750 1,750 11,900 11,900 107,900 107,900 7,100 7,100 105,90 105,900 5,90 5,900 2,300 2,30 1,750 1,750 16,700 16,700 1,700 1,700 225,700 225,700 9,95 9,95 227,450 227,450 Income Statement Balance Sheet Debit Credit Debit Credit 77,100 11,900 4,000 11,500 87,500 1,750 11,900 107,900 , 10e 105,900 5,900 2,300 1,750 16,700 1,700 28,350 105,900 199,120 121,550 77,550 77,550 105,900 105,900 199, 100 199, 100 Print erences Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. here to search O mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A Saved CH5 riepale al IIICUMLE Slalemen. CANTU CORPORATION Income Statement Month Ended December 31, 2019 Revenue $ 105,900 Fees income K nces Expenses Supp:+s expense Advertising expense Depreciation expense equipment Salaries expense 5,900 2,300 1,750 16,700 1,700 Utilities expense Total expenses Net income 28,350 77,550 $ Mc Graw Hill Type here to search gi 2 17 12 f6 2 x - Topic: Five Step TI Connect McGraw-Hill Connect ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&.launchUrl=https%253A%252F%252FIn Saved P HW - CH 5 6 CANTU CORPORATION Balance Sheet December 31, 2019 Assets 42 oints $ 77,100 11,900 4,000 11,500 eBook Print Cash Accounts receivable Supplies Prepaid advertising Equipment Less: Accumulated depreciation equipment Total assets Liabilities and owner's equity Accounts payable $ 87,500 References 87,500 192,000 $ $ 11,900 Owner's equity Selena Cantu, Capital $ 107,900 Total liabilities and owner's equity $ 119,800 Required 2 Mc Graw Hill Analyze O
