ution. Do not determine ch chung in where withdrawal in their Amar Com Remem Nose Problem -10A Preparing financial status LOS CHECK FIGURES Loss 52-400 Total $46.100 krywin Using your answer to problem 1-24. prepare an income statement, 2 statement of profit helps to finance assets. Explain how it profit helped to finance assets for Power Electrical for the month Analysis Component: Assets are financed by debt and eguin: Profit is a component of equity. Therefore, aquilty, and a balance sheet ended November 30, 2020 Problem 1-9A Assets Liabilities Office Supplies 3 Date 4 31-Oct + Accounts + Receivable + $ 7.000 Cash $ 30,000 Office Equipment $ 28,000 Electrical Equipment $ 14,000 Accounts Payable $ 18,000 Equity Larry Power, Capital Explanation of Equity Tra $ 62,900 7,200 Rent Expense + 10,000 Investment by owner $ 1.900 5 1-Nov - 7,200 -0 -0- -0- -0- -0 6 3-Nov -0- -0- -0- -0- + 18,000 + 8,000 7 5-Nov 1,800 -0- + 1,800 -0- -0- -0- -0- CO 6 Nov +2,000 -0 -0- -0- -0- -0- 9 8-Nov 0 -0- -0- + 5,200 -0- +5,200 + 2,000 Electrical Fees Earned -0- + 6,000 Electrical Fees Earned 10 15 Nov -0- +6,000 -0- -0- -0- -11 16-Nov no entry -0. -O- -0- -0- -0- 12 18-Nov -0- -0. + 1,000 -0. Blol + 1,000 -0- - 5,200 -0- -0- 13 20 Nov 14 24-Nov -0- 5,200 -0- -0- + 4.800 -0 -0. -0% -0- +4,800 Electrical Fees Earned 15 28-Nov + 6 000 - 6000 -0. -0- -0- -0. 16 30-Nov -0- Electrical Fees Earned - 4400 -0. -0. -0- -0 17 30-NOV -0. -3.600 -0- -0- -0. -0- 18 30-Nov -0. - 1400 -0- -0- -0. -0. -0. 19 20 Bal 21 22 4.400 Salaries Expense 3.600 Utilities Expense 1.400 Larry Power, withdrawal -0- $ 69 100 -0- $ 14.400 + -0- $ 11,800 -0- $ 4.700 + -0- $ 33 200+ -0- $ 32.000 -0- $ 27,000 List of Accounts Problem 1.9A Analysis Component Search ution. Do not determine ch chung in where withdrawal in their Amar Com Remem Nose Problem -10A Preparing financial status LOS CHECK FIGURES Loss 52-400 Total $46.100 krywin Using your answer to problem 1-24. prepare an income statement, 2 statement of profit helps to finance assets. Explain how it profit helped to finance assets for Power Electrical for the month Analysis Component: Assets are financed by debt and eguin: Profit is a component of equity. Therefore, aquilty, and a balance sheet ended November 30, 2020 Problem 1-9A Assets Liabilities Office Supplies 3 Date 4 31-Oct + Accounts + Receivable + $ 7.000 Cash $ 30,000 Office Equipment $ 28,000 Electrical Equipment $ 14,000 Accounts Payable $ 18,000 Equity Larry Power, Capital Explanation of Equity Tra $ 62,900 7,200 Rent Expense + 10,000 Investment by owner $ 1.900 5 1-Nov - 7,200 -0 -0- -0- -0- -0 6 3-Nov -0- -0- -0- -0- + 18,000 + 8,000 7 5-Nov 1,800 -0- + 1,800 -0- -0- -0- -0- CO 6 Nov +2,000 -0 -0- -0- -0- -0- 9 8-Nov 0 -0- -0- + 5,200 -0- +5,200 + 2,000 Electrical Fees Earned -0- + 6,000 Electrical Fees Earned 10 15 Nov -0- +6,000 -0- -0- -0- -11 16-Nov no entry -0. -O- -0- -0- -0- 12 18-Nov -0- -0. + 1,000 -0. Blol + 1,000 -0- - 5,200 -0- -0- 13 20 Nov 14 24-Nov -0- 5,200 -0- -0- + 4.800 -0 -0. -0% -0- +4,800 Electrical Fees Earned 15 28-Nov + 6 000 - 6000 -0. -0- -0- -0. 16 30-Nov -0- Electrical Fees Earned - 4400 -0. -0. -0- -0 17 30-NOV -0. -3.600 -0- -0- -0. -0- 18 30-Nov -0. - 1400 -0- -0- -0. -0. -0. 19 20 Bal 21 22 4.400 Salaries Expense 3.600 Utilities Expense 1.400 Larry Power, withdrawal -0- $ 69 100 -0- $ 14.400 + -0- $ 11,800 -0- $ 4.700 + -0- $ 33 200+ -0- $ 32.000 -0- $ 27,000 List of Accounts Problem 1.9A Analysis Component Search
