Question
Q2: Preparing the income statement and statement of retained earnings based on the following information: Assets Owner's Equity Liabilities Cash #1100 Accounts Payable #2100
Q2: Preparing the income statement and statement of retained earnings based on the following information: Assets Owner's Equity Liabilities Cash #1100 Accounts Payable #2100 Lisa Hunter, Capital #3000 Apr. 2 250.000 Apr. 3 100,000 Apr. 8 30,000 Apr. 17 4,000 Apr. 20 5.000 Apr. 3 Bal 7,000 Apr. 2 250,000 2,000 Bal 250,000 Apr. 27 15,000 Apr. 17 6,500 Apr. 17 1,500 Apr. 20 5,000 Apr. 29 6,000 Bal 172.000 Apr. 29 Bal Lisa Hunter, Withdrawals #3100 6,000 6,000 Accounts Receivable #1200 Apr.10 25.000 Apr. 27 15,000 Bal 10,000 Office Supplies #1400 Apr. 3 Bal 7,000 7,000 Land #1900 Apr. 3 100,000 Bal 100,000 REVENUE Service Revenue #4000 Apr. 8 30,000 Apr. 10 25,000 Bal EXPENSES Rent Expense #5100 Apr. 17 Bal 4,000 55,000 4,000 Salaries Expense #5200 6.500 Apr. 17 Bal 6,500 Utilities Expense #5300 Apr. 17 1,500 Bal 500 **** ***
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
