Question
Using the following partial Excel work sheet for Breakout Maze Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance
Using the following partial Excel work sheet for Breakout Maze Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance Sheet for the company Assume the owner did not make any investments in the business during the year Lasik Inc.
Work Sheet For Year Ended June 30, 2019
Income Statement Dr.Cr.
55,000
55.000
55.000
3.000
1.200
500
1.400 300 400 250
7.050
47.950 55,000
Statement of Changes in Equity and Balance Sheet
Cr.
Dr.
11,265 1,500 1,300 4,400 120,000
5,000
143,465
143 465
24,000
3.000 3,160 65,355
95,515 47,950 143 465
Account
Cash Accounts receivable
Office supplies Prepaid insurance Building Accumulated depreciation, Building Notes payable Salaries payable
M. Tomas, capital
M. Tomas, withdrawals Motel rental revenue Depreciation expense, Building Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense Totals
Profit
Totals
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