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This is the third time i am posting the pictures of same question but i am getting half answer. i want full answer of this
This is the third time i am posting the pictures of same question but i am getting half answer. i want full answer of this question. i know that question is lengthy take your time and give me full answer. i have sent all the pictures of the questions which wss given to me. now i hope i will get complete answer. Thank you
This is the third time i am posting the pictures of same question but i am getting half answer. i want full answer of this question. i know that question is lengthy take your time and give me full answer. i have sent all the pictures of the questions which wss given to me. now i hope i will get complete answer. Thank you.
1.5/3 III Your answer is correct. Prepare an income statement ORIOLE COMPANY Income Statement For the Year Ended December 31, 2021 Revenues Service Revenue V 59800 Expenses V Repairs Expense V $ 800 Depreciation Expense GB00 Insurance Expense 4600 1 E Chapter 4 Question 7 of 7 1.5/3 (a2) Your Answer Correct Answer Your answer is correct. Prepare a statement of owner's equity. L. Oriole did not make any additional investments during the year. (List items that increase Owner's Equity first.) ORIOLE COMPANY Statement of Owner's Equity For the Year Ended December 31, 2021 L. Oriole, Capital, January 1 22000 v Add v: Profit/(Loss) 12:21.00 + Chapter 4 1.5/3 III Question 7 of 7 Statement of Owner's Equity For the Year Ended December 31, 2021 L. Oriole, Capital, January 1 22000 Add Profit/(Loss) 22100 44100 Less V: Drawings 9800 i L Oriole, Capital, December 31 34300 e Textbook and Media Attempts: 3 of 3 used 1.5 / 3 III Question 7 of 7 QL (a3) QL Acc Your answer is correct. Q Prepare a classified balance sheet. L. Oriole did not make any additional investments during the year. (List Current Assets in the order of liquidity.) . ORIOLE COMPANY Balance Sheet December 31, 2021 Assets Current Assets $ 9800 Cash 11600 Accounts Receivable E Chapter 4 1.5 / 3 TIL Question 7 of 7 Current Assets ta 9800 Cash 11600 Accounts Receivable 2600 Prepaid Insurance 24000 Total Current Assets Property, Plant, and Equipment Equipment $ 23400 Less Accumulated Depreciation Equipment: MI 6600 i 19800 Total Assets 69 48800 E Chapter 4 1.5/3 TIL Question 7 of 7 + Chapter 4 Question 7 of 7 v (To close expense accounts) Dec. 31 >> (To close income summary) Dec. 31 E Chapter 4 1.5 / 3 III Q Question 7 of 7 (To close expense accounts) QL Dec. 31 Q Ac (To close income summary) A Dec. 31 (To close drawings) e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer 1.513 5 Question 7 of 7 (C). Post the closing entries and calculate the balance in each account. (Use Taccounts.) Income Summary is account No. 350.(Post entries in the order of Journal entrles presented in the previous part. For balances ending in 0 select bal for the date and for the amount for the normal balance of the account) L. Oriole, Capital No. 301 L. Oriole, Drawings No. 306 Chapter 4 1.5/3 5 Question 7 of 7 L. Oriole, Drawings No. 306 Question 7 of 7 Salaries Expense A No. 726 Utilities Expense No. 732 e Textbook and Media Seve for Leter Attempts: 0 of 3 used Submit Answer E Chapter 4 1.5 / 3 III Question 7 of 7 $ 1.5/3 e Question 7 of 7 C C Debit Credit $ $ V > V Totals $Step by Step Solution
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