Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Apr 2018 My Price 7.00

Mexican Riviera Tanning Salon

Data for the unadjusted trial balance of Mexican Riviera Tanning Salon at March 31, 2012, follow.

 

Cash - 13,000

Equiptment - 66,500

Accumulated Depreciation - 18,500

Accounts Payable - 3,200

Supplies - 1,400

Neeland, capital - 11,500

Service Revenue - 89, 900

Salary Expense - 42,200

Depreciation Expense -

Supplies Expense -

Neeland, drawing -

 

Adjusting data for March 2012 are:

a) Accrued Service Revenue, 2,600

b) Supplies used in operations, 400

c) Accrued Salary Expense, 1,700

d) Depreciation Expense, 4,100

 

Les Neeland, the owner, has received an offer to sell the company. He needs to know the net income for the month covered by these data.

 

Requirements:

1. Prepare the worksheet for Mexican Riviera Tanning Salon

2. How much was the net income/net loss for March

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Apr 2018 07:04 AM My Price 7.00

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