Question
Windsor, Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022
Windsor, Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $13,616 in the revenue column includes Service Revenue: $12,972 and Rent Revenue: $644. The $9,354 in the expense column includes Salaries and Wages $8,096, Rent $828, and Utilities $430.
Assets | = | Liabilities | + | Stockholders Equity | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | + | Accts. Rec. | + | Supplies | + | Prepd. Rent | + | Equip. | - | Acc. Depr.- Equip. | Notes Pay. | + | Accts. Pay. | + | Sal./Wages Pay. | + | Int. Pay | + | Unearn. Rent. Rev. | Com. Stock | + | Retained Earnings | |||||||||
= | + | Rev. | - | Exp. | - | Div | |||||||||||||||||||||||||
Bal. | 6,164 | + | 368 | + | 1,104 | + | 1,656 | + | 13,800 | - | 0 | = | 4,600 | + | 982 | + | 0 | + | 0 | + | 920 | + | 12,880 | + | 13,616 | - | 9,354 | - | 552 | ||
Adj. 1. | |||||||||||||||||||||||||||||||
Adj. 2. | |||||||||||||||||||||||||||||||
Adj. 3. | |||||||||||||||||||||||||||||||
Adj. 4. | |||||||||||||||||||||||||||||||
Adj. 5. | |||||||||||||||||||||||||||||||
Adj. 6. | |||||||||||||||||||||||||||||||
Adj. 7 | |||||||||||||||||||||||||||||||
Adj. Bal. | 6,164 | + | 920 | + | 168 | + | 828 | + | 13,800 | - | 322 | = | 4,600 | + | 982 | + | 552 | + | 46 | + | 736 | + | 12,880 | + | 14,352 | - | 12,038 | - | 552 |
Prepare an income statement for the 3 months ending September 30.
Windsor, Inc. Income Statement choose the accounting period For the Year Ended September 30, 2022September 30, 2022For the Quarter Ended September 30, 2022 | ||
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select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, September 30RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, September 30RevenuesTotal ExpensesTotal Revenues | $enter a total amount for section one | |
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, September 30RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, September 30RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, September 30RevenuesTotal ExpensesTotal Revenues | $enter a total net income or loss amount |
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