QUESTION 1

QUESTION 2

\begin{tabular}{|l|r|r|} \multicolumn{3}{|c|}{ Tarbor Repair Service } \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \multicolumn{3}{|c|}{ Harbor Repair Service } \\ \hline \end{tabular} Financial Statement Template Anything Goes Income Statement For the Month Ending on September 30 Revenues: Tuning Revenue 195000 Anything Goes Statement of Owner's Equity For the Month Ending on September 30 Anything Goes Classified Balance Sheet As of September 30 Assignment 3: Create your own financial statements here. You can use the provided template as a guide. Check Figures: Net Income \$970 and Total Assets \$46,290 Assignment 3: GENERAL JOURNAL Harbor Repair Services Chart of Accounts Account Name ASSETS Current Assets Cash Accounts Receivable Office Supplies Prepaid Insurance Office Equipment Accum. Depr. Equpiment Truck Accum. Depr. Truck Accounts Payable Notes Payable Wages Payable Unearned Repair Revenue Interest Payable Account No. 111 115 121 131 Property, Plant, and Equipment 141 142 151 152 LIABILITIES Current Liabilities 211 221 231 241 251 OWNER'S EQUITY P. Harbor, Capital P. Harbor, Drawing Repair Revenue Wage Expense Rent Expense Insurance Expense Office Supplies Expense Depreciation Expense-Equipment Depreciation Expense-Truck Repair Expense Telephone Expense Utilities Expense Advertising Expense Miscellaneous Expense Interest Expense Income Summary 311 312 411 511 521 522 531 541 545 551 555 565 575 599 611 911 \begin{tabular}{|l|r|r|} \multicolumn{3}{|c|}{ Tarbor Repair Service } \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \multicolumn{3}{|c|}{ Harbor Repair Service } \\ \hline \end{tabular} Financial Statement Template Anything Goes Income Statement For the Month Ending on September 30 Revenues: Tuning Revenue 195000 Anything Goes Statement of Owner's Equity For the Month Ending on September 30 Anything Goes Classified Balance Sheet As of September 30 Assignment 3: Create your own financial statements here. You can use the provided template as a guide. Check Figures: Net Income \$970 and Total Assets \$46,290 Assignment 3: GENERAL JOURNAL Harbor Repair Services Chart of Accounts Account Name ASSETS Current Assets Cash Accounts Receivable Office Supplies Prepaid Insurance Office Equipment Accum. Depr. Equpiment Truck Accum. Depr. Truck Accounts Payable Notes Payable Wages Payable Unearned Repair Revenue Interest Payable Account No. 111 115 121 131 Property, Plant, and Equipment 141 142 151 152 LIABILITIES Current Liabilities 211 221 231 241 251 OWNER'S EQUITY P. Harbor, Capital P. Harbor, Drawing Repair Revenue Wage Expense Rent Expense Insurance Expense Office Supplies Expense Depreciation Expense-Equipment Depreciation Expense-Truck Repair Expense Telephone Expense Utilities Expense Advertising Expense Miscellaneous Expense Interest Expense Income Summary 311 312 411 511 521 522 531 541 545 551 555 565 575 599 611 911