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Why do I have to add 2 , 2 0 0 at the bottom of the income statement? YANG BAKERY Worksheet For the Month Ended
Why do I have to add at the bottom of the income statement?
YANG BAKERY Worksheet For the Month Ended October 31, Trial Balance Adjustments 2020 Adjusted Trial Balance Income Statement Statement of Financial Positiom Account Titles Cash Supplies Prepaid Insurance Equipment Accum. Depreciation Equipment Accounts Payable Notes Payable Share Capital-Ordinary Retained Earnings Dividends Revenue Utilities Expense Totals Supplies Expense Ilnsurance Expense Depreciation Expense 'Salaries / Wages Expense Salaries / Wages Payable Totals [Net Income Totals Debit ,ooo 1,100 2,200 24,000 2,400 400 Credit 4,500 2,400 4,000 5,300 10,000 4,900 Debit Credit (a) 600 (b) 200 (c) 400 (a) 600 (b) 200 (c) 400 (d) 1,100 (d) 1 100 Debit 1 ,ooo 500 2,000 24,000 2,400 400 600 200 400 1,100 Credit 4,900 2,400 4,000 5,300 10,000 4,900 1.100 Debit 400 600 200 400 1,100 2,700 2.200 Credit 4,900 4,900 Debit 1 ,ooo 2,000 24,000 2,400 29,900 Credit 4,900 2,400 4,000 5,300 10,000 1.100, 27 ,700 2.20q
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