The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company’s records show the following items and amounts. Use this information to prepare an October income statement for the business.
Â
Cash . . . . . . . . . . . . . . . . . . . . . $ 2,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Cash withdrawals by owner . . . . . . . . . $ 3,360
Accounts receivable . . . . . . . . 13,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Consulting fees earned . . . . . . . . . . . . . 15,000
Office supplies . . . . . . . . . .. . . 4,250 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Rent expense . . . . . . . . . . . . . . . . . . . . 2,550
Land . . . . . . . . . . . . . . . . . . . . . 36,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Salaries expense . . . . . . . . . . . . . . . . . . 6,000
Office equipment . . . . . . . . . . 28,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Telephone expense . . . . . . . . . . . . . . . . 660
Accounts payable . . . . . . . . . . . 7,500 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Miscellaneous expenses . . . . . . . . . . . . 680
Owner investments . . . . . . . . . 74,000
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll