Answered step by step
Verified Expert Solution
Question
1 Approved Answer
C D E F F G H B Accounting 1 Financial Statement SLO John Doe started his business, Copy Specialties, Inc., on January 5, 2019.
C D E F F G H B Accounting 1 Financial Statement SLO John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following information was obtained from the accounts of the company as of January 31, 2019. In the space provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity and Balance Sheet (unclassified) for the month ending January 31, 2019. . In addition, provide two observations on Profitability and two observations on Liquidity. 0 1 2 3 14 15 16 17 18 Rent Expense Cash Dividends Service Revenue Accounts Receivable Supplies Expense 2,000 2,000 2,500 9,000 2,000 600 Common Stock Accounts Payable Utilities Expense Land Supplies 20,000 3,000 1,200 18,000 ? 1 19 20 21 22 Copy Specialties, Inc. Income Statement For the Month Ended January 31, 2019 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Statement of Stocholder's Equity 39 Sheet1 R fr B C D E F G H Statement of Stocholder's Equity Balance Sheet Sheett Search for anything 0 I 69 70 71 72 73 74 75 76 Observations: 77 Profitability 78 1. 79 80 2. 81 82 83 Liquidity 84 1. 85 2. 86 87 BB 89 90 91 92 93 94 95 95 97 98 99 100 Sheet1 C D E F F G H B Accounting 1 Financial Statement SLO John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following information was obtained from the accounts of the company as of January 31, 2019. In the space provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity and Balance Sheet (unclassified) for the month ending January 31, 2019. . In addition, provide two observations on Profitability and two observations on Liquidity. 0 1 2 3 14 15 16 17 18 Rent Expense Cash Dividends Service Revenue Accounts Receivable Supplies Expense 2,000 2,000 2,500 9,000 2,000 600 Common Stock Accounts Payable Utilities Expense Land Supplies 20,000 3,000 1,200 18,000 ? 1 19 20 21 22 Copy Specialties, Inc. Income Statement For the Month Ended January 31, 2019 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Statement of Stocholder's Equity 39 Sheet1 R fr B C D E F G H Statement of Stocholder's Equity Balance Sheet Sheett Search for anything 0 I 69 70 71 72 73 74 75 76 Observations: 77 Profitability 78 1. 79 80 2. 81 82 83 Liquidity 84 1. 85 2. 86 87 BB 89 90 91 92 93 94 95 95 97 98 99 100 Sheet1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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