Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The trial balance as of July 31, 2024, for Sara Simon, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read
The trial balance as of July 31, 2024, for Sara Simon, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the month ended July 31, 2024. (If a box enter a zero.) Data Table Sara Simon, Registered Dietician Income Statement Month Ended July 31, 2024 Revenues: Sara Simon, Registered Dietician Trial Balance July 31, 2024 Service Revenue $ 17.888 Balance $ 1,700 Expenses: Salaries Expense Rent Expense Utilities Expense Account Title Debit Credit 1,100 Cash S 500 38,000 9,000 2,300 Total Expenses 3,300 2,400 14,588 Net Income 16,000 ner's equity the month ended July 31, 2024 $ Requirement 2. Prepare the statement of $18,000 during the month. 3,000 3,912 Accounts Receivable Office Supplies Prepaid Insurance Equipment Accounts Payable Unearned Revenue Notes Payable Simon, Capital Simon, Withdrawals Service Revenue Salaries Expense Rent Expense 31,000 18,000 2,800 Enter any increases in capital prior to the subtotal and any decreases to capital below the su Sara Simon, Registered Dietician Statement of Owner's Equity Month Ended July 31, 2024 Simon, Capital, July 1, 2024 18000 Net income for the month 14588 17,888 1,700 1,100 500 Utilities Expense $ 73,800 $ 73,800 32588 2800 Total 29788 Simon, Capital, July 31, 2024 Print Done
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