Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Voice Solution's completed worksheet at November 30,2024 is as follows: (Click the icon to view the completed worksheet.) Read the requirements. Requirement 1. Complete the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Voice Solution's completed worksheet at November 30,2024 is as follows: (Click the icon to view the completed worksheet.) Read the requirements. Requirement 1. Complete the income statement for the month ended November 30, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the income statement, leave the box empty; do not select a label or enter a zero.) Voice Solution Worksheet November 30, 2024 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Account Names } & \multicolumn{2}{|c|}{\begin{tabular}{l} Unadjusted \\ Trial Balance \end{tabular}} & \multicolumn{3}{|c|}{ Adjustments } & \multicolumn{2}{|c|}{\begin{tabular}{c} Adjusted \\ Trial Balance \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} Income \\ Statement \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} Balance \\ Sheet \end{tabular}} \\ \hline & Debit & Credit & & Debit & Credit & Debit & Credit & Debit & Credit & Debit & Credit \\ \hline Cash & 4,200 & & & & & 4,200 & & & & 4,200 & \\ \hline Accounts Receivable & 3,200 & & (a) & 400 & & 3,600 & & & & 3,600 & \\ \hline Prepaid Rent & 1,400 & & & & 600(d) & 800 & & & & 800 & \\ \hline Office Supplies & 3,400 & & & & 300(e) & 3,100 & & & & 3,100 & \\ \hline Equipment & 33,800 & & & & & 33,800 & & & & 33,800 & \\ \hline Accumulated Depreciation - Equipment & & 1,300 & & & 100(b) & & 1,400 & & & & 1,400 \\ \hline Accounts Payable & & 5,300 & & & & & 5,300 & & & & 5,300 \\ \hline Salaries Payable & & & & & 900(c) & & 900 & & & & 900 \\ \hline Proenza, Capital & & 35,300 & & & & & 35,300 & & & & 35,300 \\ \hline Proenza, Withdrawals & 2,000 & & & & & 2,000 & & & & 2,000 & \\ \hline Service Revenue & & 8,400 & & & 400(a) & & 8,800 & & 8,800 & & \\ \hline Depreciation Expense - Equipment & & & (b) & 100 & & 100 & & 100 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Accounts Payable & & 5,300 & & & & & & 5,300 & & & & & & 5,300 \\ \hline Salaries Payable & & & & & & 900(c) & & 900 & & & & & & 900 \\ \hline Proenza, Capital & & 35,300 & & & & & & 35,300 & & & & & & 35,300 \\ \hline Proenza, Withdrawals & 2,000 & & & & & & 2,000 & & & & & & 2,000 & \\ \hline Service Revenue & & 8,400 & & & & 400 (a) & & 8,800 & & & $ & 8,800 & & \\ \hline Depreciation Expense - Equipment & & & (b) & & 100 & & 100 & & $ & 100 & & & & \\ \hline Salaries Expense & 1,700 & & (c) & & 900 & & 2,600 & & & 2,600 & & & & \\ \hline Rent Expense & & & (d) & & 600 & & 600 & & & 600 & & & & \\ \hline Utilities Expense & 600 & & & & & & 600 & & & 600 & & & & \\ \hline Supplies Expense & & & (e) & & 300 & & 300 & & & 300 & & & & \\ \hline Total & $50,300 & $50,300 & & $ & 2,300 & $2,300 & $51,700 & 51,700 & $ & 4,200 & $ & 8,800 & 47,500 & 42,900 \\ \hline & & & & & & & & Net Income & & 4,600 & & & & 4,600 \\ \hline & & & & & & & & & $ & 8,800 & $ & 8,800 & $47,500 & $47,500 \\ \hline \end{tabular} Requirement 1. Complete the income statement for the month ended November 30, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the income statement, leave the box empty; do not select a label or enter a zero.) equirement 2. Complete the statement of owner's equity for the month ended November 30,2024 . Assume that there were no contributions made by the owner during the month. nter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Use a minus sign or parentheses to show a net loss for the month. Exclude ny zero-balance events for the period from the statement of owner's equity.) Requirement 3. Complete the classified balance sheet as of November 30,2024 . Use the report form. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Voice Solution Balance Sheet November 30, 2024 Assets

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions