Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Requirement 1. Complete the income statement for the month ended November 30, 2018. (Use a mi Data Solution Income Statement Month Ended November 30, 2018
Requirement 1. Complete the income statement for the month ended November 30, 2018. (Use a mi Data Solution Income Statement Month Ended November 30, 2018 Revenues Service Revenue 9,600 Expenses Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 2,750 700 350 550 700 5,050 Total Expenses 4,550 hoose from any list or enter any number in the input fields and then click Check Answer. Requirement 2. Complete the statement of owner's equity for the month ended November 30, 2018 Assume that there were no contributions made by the owner during the month Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal (Use a minus sign or parentheses to show a net loss for the month Exclude any zero-balance events for the period from the statement of owner's equity) Data Solution Statement of Owner's Equity Month Ended November 30, 2018 Pryor,Capital, November 1, 2018 32,900 Net income for the month 31,450 (2,900) 5 34,550 Owner wilhdrawal Pryor, Capital, November 30, 2018 Requirement 3. Complete the classificd balance shcct as of November 30,2018. Use the report form. (ir a box is nct used in the balance shoot, leave the box empty, do not select a label or enter a zero.) 4,550 ovRequirements elo y zero-b 1. 2. Complete the income statement for the month ended November 30, 2018. Complete the statement of owner's equity for the month ended November 30, 2018. Assume there were no contributions made by the owner during the month 3. Complete the classified balance sheet as of November 30, 2018. Use the report form. Print Done . Use the report form. (If a box is not used in the balance sheet, leave the box empty, do not select a labe Ioannis Balls | 3/20/19 9:00 PM Spring 2019-Financial Accounting I Homework: Ch 4-Obj 1-2-Exercises 4-19, 4-20-Due Thursday, Ma 42 of 2 (2 complele) HW Score: 71 82%, 71.82 of 100 pts Score: 21.82 of 50 pts E4-20 (book/static) Reference Diata Solutoer's completed worksheet at November 30, 2018 is as tolows (Cick the icon to view the completed worksheet) Trial Balance Trial Balance Read the requrements Account Names Debit Debit Credit 4550 Net neome for the month 4,400 3,100 1,800 3,100 30,200 $4,400 3,900 1.100 ,900 Ownet withdrawal Pryor Captal, Requirement 3. Complele the classified balance sheet as of Navember 30, 2018. Use Accounts Recehatle Prepaid Rent Office Supplies $ 700 (d) 34,550 ovember 30, 2018 550 (e) 2,550 30,200 S 1,850 5,100 1,500 350 (b) S 1,850 Accumuated Depreciation-Equpment Accounts Payatle Salarics Payabe Pryor, Capital Pryor. Wthdrawals Service Revenuc Depreciation Expense - Equipment Salst ies Expense Rent Expense Uliities Expensc Supples Experse Balance Sheet 650 (c) November 30, 2018 32,900 2.000 2,900 8.800 B00 (a) 9.600 S 9,600 350 2,750 700 550 S 3,060 3,050 0,100 S 50,100 $ 09 45,050 40,500 4,550 9,6001 $ 45,050|| $ 45,050 S 48,300 48,300 Net Income 9,600| $ Print Done Choose from ary list or enter any number in the input fields and then click Check Clear A Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started