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This is a multipart problem if someone could please help me with the Financial statements part. 2 Molly's Meal Delivery Service 4 Molly's Meal Delivery

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This is a multipart problem if someone could please help me with the Financial statements part.

2 Molly's Meal Delivery Service 4 Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below 5 They provide "home-cooked" meals for corporate events as well as individual needs. 6 Molly's operates with a December 31, 20XX financial year-end 7 8 Chart of Accounts 10 Assets 11 101 12 140 13 145 14 150 Cash Food Supplies Kitchen Supplies Prepaid Rert Ovens Accum. Depr. - Ovens Kitchen Equipment Accum. Depr. - Kitchen Equipment 15 175 16 175.1 17 | 1 76 18 176.1 19 20 Liabilities 19 20 Liabilities 21 201 22 210 23 24 25 Owner's Equity 26 301 27 302 Accounts Payable Wages Payable Molly Murphy, Capital Molly Murphy, Drawing 28 29 30 Revenues Meal Delivery Revenue 31 401 32 34 Expenses 35 501 36 511 37 521 38 531 39 541 40 542 Food Supply Expense Wage Expense Rent Expense Kitchen Supply Expense Phone Expense Utilities Expense ACC1010 Comp Prob 2 Stixlent Template Ecel FILE HOME|INSERT PAGE LAYOUT FORMULAS DATA REVIEW EW Copy Format Painter Fill-Sort & u-l . |. . | --|| Merge & Center . | $ . % , |*Aal conditional format as Cell Formatting Table Styles Find & Insert Delete Format Filter Select 38 531 39 541 40 542 41 561 42 562 Kitchen Supply Expense Phone Expense Utikties Expense Depr. Expense Ovens epe Kitchen Equipmert 45 The following transactions took place during November, 20xX 46 47 1 Molly invested cash in business $20 000 Purchased (2) new ovens on account for $6,300. The ovens have estimated useful lives of 7 years. The ovens will be paid for in January, with no interest Molly paid rent for November and December, $3000 total Purchased food supplies from Sammy's Super Market on account, $2,000 Deposited meal delivery fees, $3 400 Paid wages to kitchen workers, $2,000 Purchased kitchen supplies with cash, $500 49 1 50 51 1 52 55 7 57 10 59 11 Calibri General Paste Clipboard Font Alignment Number N40 56 Paid wages to kitchen workers, $2,000 Purchased kitchen supplies with cash, $500 Deposited meal delivery fees, $3,000 Purchased food supplies from Sammy's Super Market on account Deposited meal delivery fees, $3,200 Paid wages to kitchen workers, $2,050 Deposited meal delivery fees, $3,050 Paid phone bill, $200 Paid utilities bill, $500 Molly Murphy withdrew cash for personal use, $3,000 57 10 58 59 11 60 61 14 62 63 15 64 65 21 $2,500 67 24 68 69 28 70 71 30 72 73 30 74 75 30 76 Problem Info General Journal General Ledger | worksheet | Financial st : HL N40 76 78 Adjustment information for the end of November is provided below 79 Food splies emainng b 0 80 (a) 81 b)Kitchen supplies used during the month, $600. Beginning balance was $1200 83 84 (c) 85 86 (d) 87 88 (e) 89 90 November rent was used Depreciation on the kitchen ovens for November $75 All othe Wages earned, but not yet paid at end of November, $950. r ovens and kitchen equipment were fully depreciated earlier in the year | $ !Merge & Center -|A Format Painter | B 1 u aste Alignment Font Clipboard MOLLY'S MEAL DELIVERY SERVICE INCOME STATEMENT COMPLETE DATE Revenues: Expenses 0 1 .2 13 15 16 18 Total Expenses 19 20 Net Income 21 General Journal | General Ledger | Worksheet Financial Statements : 23 24 25 26 27 28 MOLLY'S MEAL DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY COMPLETE DATE 30 31 Increase/Decrease in Capital 32 34 35 36 37 38 39 40 41 42 43 MOLLY'S MEAL DELIVERY SERVICE BALANCE SHEET COMPLETE DATE Assets H78 59 60 61 62 63 64 65 Owner's Equity 67 68 69 70 71 72 MOLLY'S MEAL DELIVERY SERVICE POST CLOSING TRIAL BALANCE COMPLETE DATE ACCOUNT ACCTNO.DEBIT BAL CREDIT BAL 101 0n 15 175 00

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