Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wk. 2- Apply: Exercise Saved 10 Required information [The following information applies to the questions displayed below.] The Taccount balances for the accounts of Rya's
Wk. 2- Apply: Exercise Saved 10 Required information [The following information applies to the questions displayed below.] The Taccount balances for the accounts of Rya's Planning Services as of January 31, 2019 are listed below. Part 2 of 2 points Cash Accounts Receivable Office Supplies Equipment Accounts Payable Rya Page, Capital Rya Page, Drawing Planning Fees Income Office Supplies Expense Rent Expense Salaries Expense Utilities Expense $21,800 17,800 700 18,000 9,120 28,800 5,900 32,150 290 890 3,900 790 1. Prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019. 2. Prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019 3. Prepare a balance sheet for Rya's Planning Services as of January 31, 2019 Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019. (Input all amounts as positive values.) RYA'S PLANNING SERVICES Income Statement Month Ended January 31, 2019 Revenue Total revenues $ 0 Wk. 2- Apply: Exercise Saved 5,900 290 Rya Page, Drawing Planning Fees Income Office Supplies Expense Rent Expense Salaries Expense Utilities Expense 890 3,900 790 Part 2 of 2 1. Prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019. 2. Prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019. 3. Prepare a balance sheet for Rya's Planning Services as of January 31, 2019. points Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare an Income statement for the Rya's Planning Services for the month ended January 31, 2019. (Input all amounts as positive values.) RYA'S PLANNING SERVICES Income Statement Month Ended January 31, 2019 Revenue Total revenues Expenses Total expenses Wk. 2- Apply: Exercise Seved Rya Page, Drawing Planning Fees Income Office Supplies Expense Rent Expense Salaries Expense Utilities Expense 5,900 32,150 290 890 3,900 790 Part 2 of 2 1. Prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019. 2. Prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019 3. Prepare a balance sheet for Rya's Planning Services as of January 31, 2019. points Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019. (Input all amounts as positive values.) RYA'S PLANNING SERVICES Statement of Owner's Equity Month Ended January 31, 2019 Wk. 2- Apply: Exercise i Saved nya Page, Capital Rya Page, Drawing Planning Fees Income Office Supplies Expense Rent Expense Salaries Expense Utilities Expense 20,000 5,900 32,150 290 890 3,900 790 Part 2 of 2 1. Prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019, 2. Prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019. 3. Prepare a balance sheet for Rya's Planning Services as of January 31, 2019. points Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare a balance sheet for Rya's Planning Services as of January 31, 2019. (Be sure to list the accounts in order of their liquidity.) RYA'S PLANNING SERVICES Balance Sheet January 31, 2019 Liabilities Assets Owner's Equity Total assets $ 0 Total liabilities and Owner's equity $ Owners Equity Balance Sheet)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started