Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash Account Receivable Stationery Prepaid Rent Office Equipment Accumulated

The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash Account

The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash Account Receivable Stationery Prepaid Rent Office Equipment Accumulated Depreciation - Office Equipment Account Payable Unearned Design Revenue Wages Payable Capital Drawings Service Revenue Wages Expense Office Supplies Expenses Rent Expenses Depreciation Expense - Office Equipment Utilities Expense TOTAL 22,480 5,000 3,660 1,600 16,320 2,800 5,520 1,540 1,600 300 680 $61,500 300 6,280 600 720 40,000 13,600 $61,500 1. Prepare an Income Statement for the month ended Ocotber 31, 2020 2. Prepare a Statement of Owner's Equity for the month ended October 31, 2020 3. Prepare a Statement of Financial Position or Balance Sheet as at October 31, 2020

Step by Step Solution

3.45 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

QUESTION 1 Service Revenue 13600 This is the total revenue earned from providing services Expenses Wages Expense 5520 The total wages paid to employees during the month Office Supplies Expenses 1600 T... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

25th Edition

1260780147, 9781260780147

Students also viewed these Accounting questions

Question

Which of our faculty members would you like to work with?

Answered: 1 week ago

Question

What is the effect of word war second?

Answered: 1 week ago