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Category > Accounting Posted 25 Apr 2017 My Price 5.00

Preparation of an Income Statement and Statement of owner’s

Preparation of an Income Statement and Statement of owner’s Equity from an Adjusted trial  Balance

SE7. Shah Company’s adjusted trial balance on December 31, 2014, contains the follow- ing accounts and balances:

A. Shah, Capital, $8,600; A. Shah, Withdrawals, $350; Ser- vice Revenue, $2,600; Rent Expense, $400; Wages  Expense, $900; Utilities    Expense,

$200; and Telephone Expense, $50.

Prepare an income statement and statement of owner’s equity for the month of December.

Nov 27 2015 01:35 PM

 

 

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(8)
Status NEW Posted 25 Apr 2017 04:04 PM My Price 5.00

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Attachments

file 1493139290-1354204_1_636286099004380637_Income--and-Equity-statement.xlsx preview (113 words )
13-----------542-----------04&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------424-----------810-----------&am-----------p;a-----------mp;-----------pre-----------par-----------ati-----------on -----------of -----------an -----------Inc-----------ome----------- St-----------ate-----------men-----------t a-----------nd -----------Sta-----------tem-----------ent----------- of----------- ow-----------ner-----------’-----------s E-----------qui-----------ty -----------fro-----------m a-----------n A-----------dju-----------ste-----------d t-----------ria-----------l Â----------- Ba-----------lan-----------ceS-----------E7.----------- S-----------hah----------- Co-----------mpa-----------nyâ-----------€™s----------- ad-----------jus-----------ted----------- tr-----------ial----------- ba-----------lan-----------ce -----------on -----------Dec-----------emb-----------er -----------31,----------- 20-----------14,----------- co-----------nta-----------ins----------- th-----------e f-----------oll-----------ow------------ in-----------g a-----------cco-----------unt-----------s a-----------nd -----------bal-----------anc-----------es:----------- De-----------bit-----------Cre-----------dit-----------Acc-----------oun-----------ts -----------$A.----------- Sh-----------ah,----------- Ca-----------pit-----------al,-----------A. -----------Sha-----------h, -----------Wit-----------hdr-----------awa-----------lsS-----------erv-----------ice----------- Re-----------ven-----------ue,----------- Re-----------nt -----------Exp-----------ens-----------e, ----------- Wa-----------ges----------- Ex-----------pen-----------se,----------- U-----------til-----------iti-----------es -----------Exp-----------ens-----------e, ----------- Te-----------lep-----------hon-----------e E-----------xpe-----------nse-----------, -----------Pre-----------par-----------e a-----------n i-----------nco-----------me -----------sta-----------tem-----------ent-----------
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