Question
What would a balance sheet statment of income and owners equity look like with this information FRS Journal Enteries Date Particulars Debit in $ Credit
What would a balance sheet statment of income and owners equity look like with this information
FRS Journal Enteries Date Particulars Debit in $ Credit $ 01-Aug Bank A/C Dr. 400000 To Capital A/C 400000 01-Aug Bank A/C Dr. 400000 To Common Stock A/C 400000 01-Aug Cash A/C Dr. 500000 To Capital A/C 500000 02-Aug Office building A/C Dr. 300000 To Cash A/C 300000 03-Aug Drawings A/C Dr. 10000 10000 04-Aug Office Furmiture A/C Dr. 500 To Staples Buisness Depot A/C 500 05-Aug Office Furmiture A/C Dr. 6000 To Cash A/C 6000 06-Aug Staples Business A/C Dr. 250 To Cash A/C 250 07-Aug Drawings A/C Dr. 1000 To Cash A/C 1000 08-Aug Cash A/C Dr. 5000 Hamilton Tiger Cats 10000 To Research Income A/C 15000 09-Aug Depreciation A/C Dr. 100 To Supplies A/C 100 Bank A/C Capital A/C 400000 Common Stock 400000 Capital A/C Bank A/C 400000 Cash A/C 500000 Common Stock Bank A/C 400000 Office Building Cash A/c 300000 Drawings Cash 10000 Cash 1000 Office Supplies Staples Business Depot 500 By Depreciation 100 Staples Business Depot Cash A/C 250 Office Supplies 500 Hamilton Tiger Cats Research Income 10000 Reasearch Income Cash 5000 Hamilton Tiger 10000 Depreciation Office Supplies 100 Office Furniture Cash A/C 6000 Cash A/C Capital 500000 Office Building 300000 Research Income 5000 Drawings 10000 Furniture 6000 Staples 250 Drawings 1000 Balance Sheet As at Aug 10th Assets Amount in $ Amount in $ Liabilities Amount in $ Current Assets Current Liabilities Cash Accounts Payable Account Recivable Supplies Inventory Owner's Capital FRS Non Current Assets Law Library Investments Total Liabilities & Equity Trial Balance As at Aug 10th Particulars Debit $ Credit $ Bank A/C 800000 Capital A/C 900000 Common Stocks 400000 Office Building 300000 Dawings 11000 Office Supplies 400 Creditors 250 Debitors 10000 Reasearch Income 15000 Depreciation 100 Office Furniture 6000 Cash 187750 1315250 1315250 Statement of Income For the Period Ending Aug 10 Legal Service Revenue Less: Salary Expense Telephone Expense Rent Expense Supplies Expense Net Income Statement of Owners Capital For the period ending Aug 10 FRS, Capital Net Income
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