Question
Soriano Clinic trial Balance For the month of June Debit Credit Cash 262,020.00 Accounts Receivable 7,440.00 office Equipment 7,700.00 Furniture and Fixture 12,300.00 Accounts Payable
Soriano Clinic
trial Balance
For the month of June
Debit Credit
Cash 262,020.00
Accounts Receivable 7,440.00
office Equipment 7,700.00
Furniture and Fixture 12,300.00
Accounts Payable 5,700.00
Soriano, Capital 280,000.00
Soriano, Drawings 8,500.00
service revenue 30,590
Utilities Expense 2,930
Rent Expense 8,400
Salaries EXpense 3,500
Seminars and Training Expense 3,500
316,290.00 316,290.00
Soriano Clinic
Statement of Comprehensive Income
For the month of June
Service Revenue 30,590.00
Total Expenses
Utilities Expense 2,930.00
Rent Expense 8,400.00
Salaries Expense 3,500
Seminars and Training Expense 3,500 18,330.00
Net Income 12,260.00
Soriano clinic
Statement of Financial Position
For the month of June
Current Asset
Cash 262,020.00
Accounts Receivable 7,440.00
269,460.00
Noncurrent Asset
Office Equipment 7,700.00
Forniture and Fixture 12,300.00
20,000.00
Total Assets 289,460.00
Accounts Payable 5,700.00
Total Liabilities 5,700.00
Soriano, Capital 292,260.00
Soriano, Drawing 8,500.00
Total capital 283,760.00
Total Liabilities and Capital 289,460.00
What is the Statement of Owners Equity?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
