Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the income statement eurales for an . Account Name DEBIT CREDIT 1 investment 12000 Contributed capital 12000 2 Supplies purchased Supplies 1000 Aerounts

what is the income statement

image text in transcribed

eurales for an . Account Name DEBIT CREDIT 1 investment 12000 Contributed capital 12000 2 Supplies purchased Supplies 1000 Aerounts payable 1000 3 Insurance Prepaid insurance 1600 cash 3500 4 Rent Prepaid rent 4200 cash 4200 . Account name DERIT CREDIT 5 loan cash 24000 Bank loan 24000 6 van equipment 7200 cash 7200 2 Cash collected Cash 600 Accounts receivable 600 Cash paid Accounts payable 300 cash 300 9 Service provided Accounts receivable 10400 Service revenue 10400 10 Service provided Gash 7600 Service revenue 7600 11 Wages paid Wages 1400 cash 1400 12 Advanced pay cash 3200 200 Unearned revenue 3200 13 Cash collected Cash 4500 Accounts receivable 4500 14 Wages expense wages 1400 Wages payable 1400 15 Utilities owed utilities 800 Accounts payable 800 End of Period Adjusting Entries Account Name Dehit Credit Supplies (200+1000-950) Supply expense 250 supplies 250 Revenue carne Lineamed revenue Service revenue IPNO Laran interest Interest expen 200 Interest raid 200 Van depreciation Depreciation med 150 Depreciation paid 150

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

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Show how flexible benefits turn benefits into motivators. LO.1

Answered: 1 week ago

Question

1. Walk to the child, look into his or her eyes.

Answered: 1 week ago