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The following amounts appeared on the work sheet of Emmett Tree Service for the month ended June 30. Income Statement Balance Sheet Credit 0 0
The following amounts appeared on the work sheet of Emmett Tree Service for the month ended June 30. Income Statement Balance Sheet Credit 0 0 0 Cash in Bank Accts. Rec. - Marge Balzotti Accts. Rec. - Malik Gaines Office Equipment Tools Accts. Pay.- Cardenes Corp. Accts. Pay. - Woods Tools, Inc. James Emmett, Capital James Emmett, Withdrawals Income Summary Service Fees Advertising Expense Maintenance Expense Rent Expense Utilities Expense Debit 0 0 0 0 0 0 0 0 0 0 0 655.00 175.43 750.00 132.65 Debit 3,814.61 382.97 521.46 2,930.65 4,186.50 0 0 0 400.00 0 0 0 0 0 0 Credit 0 0 0 0 0 1,607.52 2,780.39 6,152.45 0 0 0 0 0 0 0 0 0 0 3,408.91 0 0 0 0 1,713.08 1,695.83 3,408.91 12,236.19 0 0 10,540.36 1,695.83 Net Income 3,408.91 3,408.91 12,236.19 12,236.19 A. Prepare an income statement for Emmett Tree Service. (Round your answers to 2 decimal places. Input all amounts as positive values. Omit the "S" sign in your response.) Emmett Tree Service Income Statement For the Month Ended June 30, 20- RAYANLA A. Prepare an income statement for Emmett Tree Service. (Round your answers to 2 decimal places. Input all amounts as positive values. Omit the "$" sign in your response.) Emmett Tree Service Income Statement For the Month Ended June 30, 20- Revenue: (Click to select) Expenses: (Click to select) (Click to select) (Click to select) (Click to select) Total Expenses (Click to select) B. Prepare a balance sheet in the report form for Emmett Tree Service. Locate values in the work sheet and Income Statement to correctly calculate the ending capital balance. The ending capital balance should be calculated using information that would be located in the Statement of Changes in Owner's Equity by adding the net income for the period to the beginning capital balance and subtracting the owner withdrawals. The beginning capital balance is $6.152.45 and there were no additional investments by the owner for the period. (Be sure to list the assets, liabilities and owner's equity in order of their liquidity, Round your answers to 2 decimal places. Omit the "$" sign in your response.) Emmett Tree Service B. Prepare a balance sheet in the report form for Emmett Tree Service. Locate values in the work sheet and Income Statement to correctly calculate the ending capital balance. The ending capital balance should be calculated using information that would be located in the Statement of Changes in Owner's Equity by adding the net income for the period to the beginning capital balance and subtracting the owner withdrawals. The beginning capital balance is $6,152.45 and there were no additional investments by the owner for the period. (Be sure to list the assets, liabilities and owner's equity in order of their liquidity. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Emmett Tree Service Balance Sheet For the Month Ended June 30, 20- Assets (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total Assets Liabilities (Click to select) (Click to select) T Total Liabilities Owner's Equity (Click to select) V DOC Total Liabilities and Owner's Equity
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