Question
Required information [The following information applies to the questions displayed below.] The T account balances for the accounts of Ryas Planning Services as of January
Required information
[The following information applies to the questions displayed below.] The T account balances for the accounts of Ryas Planning Services as of January 31, 2019 are listed below.
Cash | $ | 22,400 |
Accounts Receivable | 18,400 | |
Office Supplies | 400 | |
Equipment | 18,000 | |
Accounts Payable | 8,400 | |
Rya Page, Capital | 29,400 | |
Rya Page, Drawing | 6,500 | |
Planning Fees Income | 34,550 | |
Office Supplies Expense | 350 | |
Rent Expense | 950 | |
Salaries Expense | 4,500 | |
Utilities Expense | 850 | |
- Prepare an income statement for the Ryas Planning Services for the month ended January 31, 2019.
- Prepare a statement of owners equity for Ryas Planning Services for the month ended January 31, 2019.
- Prepare a balance sheet for Ryas Planning Services as of January 31, 2019.
I must provide a complete listing of the following:
Income Statement- This must include Revenue, Total Revenue, and Expenses. This also has to detail amounts that pertain to their corresponding accounts, such as: accounts payable, utilities expense, salary etc...
Owners Equity- Must showcase all equity amounts and their corresponding accounts, such as : accounts recieveable, cash etc...
Balance Sheet- This must include all listed assets, liabilities and owners equity. It must showcase each specific type of asset , liability and owners equity type of account.
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