Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored 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