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using the information given, prepare an income statement and owner's equity statement for John's plumbing services from the adjusted trial balance. The owner, John didnt
using the information given, prepare an income statement and owner's equity statement for John's plumbing services from the adjusted trial balance. The owner, John didnt make any additional investments in the company that year.
Adjusted Trial Balance For the year ended December 31 Cash $32,000 Accounts receivable 15,200 Office supplies 1,700 Vehicles 100,000 Accumulated depreciation-Vehicles Accounts payable Curtis Kouts, Capital Curtis Kouts, 40,000 Withdrawals 45,000 12,500 70,900 155,000 13,000 2,000 2,500 Fees earned Rent expense Office supplies expense Utilities expense Depreciation Expense- Vehicles Salary expense Fuel expense Totals 15.000 50.000 12.000 $283,400 $283.400 Step by Step Solution
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