Question
These financial statement items are for Oriole Company at year end, July 31, 2021. Salaries payable $2,150 Notes payable (long-term) $1,880 Salaries expense 47,800 Cash
These financial statement items are for Oriole Company at year end, July 31, 2021. Salaries payable $2,150 Notes payable (long-term) $1,880 Salaries expense 47,800 Cash 14,000 Utilities expense 21,500 Accounts receivable 9,770 Equipment 34,460 Accumulated depreciationequipment 6,040 Accounts payable 4,100 D. Oriole, drawings 2,980 Service revenue 62,100 Depreciation expense 3,980 Rent revenue 7,700 D. Oriole, capital (beginning of the year) 50,520 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLE COMPANY Income Statement choose the accounting period select an opening name for section one select an income statement item $enter a dollar amount select an income statement item enter a dollar amount select a closing name for section one $enter a total amount for section one select an opening name for section two select an income statement item $enter a dollar amount select an income statement item enter a dollar amount select an income statement item enter a dollar amount select a closing name for section two enter a total amount for section two select a closing name for this statement $enter a total profit or loss amount eTextbook and Media Prepare a statement of owners equity for the year. The owner did not make any new investments during the year. (List items that increase owner's equity first.) ORIOLE COMPANY Statement of Owner's Equity choose the accounting period select an opening name $enter a dollar amount select between addition and deduction : select an item $enter a dollar amount select an item enter a dollar amount enter a subtotal of the two previous amounts select a closing name $enter a total amount eTextbook and Media Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) ORIOLE COMPANY Balance Sheet choose the accounting period Assets select an opening name for subsection one select a balance sheet item $enter a dollar amount select a balance sheet item enter a dollar amount select a closing name for subsection one enter a total amount for subsection one select an opening name for subsection two select a balance sheet item $enter a dollar amount select between addition and deduction : select a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing section name for this part of the balance sheet $enter a total amount for this part of the balance sheet Liabilities and Owner's Equity select an opening name for subsection one select a balance sheet item $enter a dollar amount select a balance sheet item enter a dollar amount select a closing name for subsection one enter a total amount for subsection one of the second part of the balance sheet select an opening name for subsection two select a balance sheet item enter a dollar amount select a closing name for section one enter a total amount for this section of the balance sheet select an opening name for section two select a balance sheet item enter a dollar amount select a closing name for this part of the balance sheet $enter a total amount for this part of the balance sheet
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