Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using information from the trial balance, can you create an income statement, OE statement and balance sheet? , Use the dropdowns to choose your accounts

image text in transcribed

Using information from the trial balance, can you create an income statement, OE statement and balance sheet? , Use the dropdowns to choose your accounts --------------- Benson Consulting Company Income Statement For the Month Ended June 30, 2021 SERVICE REVENUE SALARIES EXPENSE ADVERTISING EXPENSE SUPPLIES EXPENSE DEPRECIATION EXPENSE NET INCOME Benson Consulting Company Trial Balance 30-Jun-21 DR CR Cash can 15,000 Accounts Receivable 1,800 Supplies 1,400 Equipment 15,000 Accumulated Depr. Equip. 2,000 Accumulated Accounts Payable 1,400 ... Notes Payable 4,000 Benson, Capital 25,000 Benson, Drawing 1,800 Service Revenue 18,000 8,000 Advertising Expense 2,400 Supplies Expense 3,500 Depreciation Expense 1,500 Totals 50,400 50,400 Benson Consulting Company Owner's Equity Statement For the Month Ended June 30, 2021 Salaries Expense BEGINNING CAPITAL NET INCOME SUBTOTAL DRAWINGS ENDING CAPITAL Benson Consulting Company Balance Sheet 30-Jun-21 ACCOUNTS PAYABLE NOTES PAYABLE TOTAL LIABILITIES CASH ACCOUNTS RECEIVABLE SUPPLIES EQUIPMENT ACCUM. DEPR. EQUIPMENT TOTAL ASSETS BENSON CAPITAL TOTAL LIAB, AND OE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Detecting Accounting Fraud Before Its Too Late

Authors: Oriol Amat

1st Edition

1119566843, 9781119566847

More Books

Students also viewed these Accounting questions

Question

e. What are the programs research and clinical focus areas?

Answered: 1 week ago

Question

Calculate a utility estimate for a target organization

Answered: 1 week ago