Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 11.00

Dart Delivery Service

Prepare an income statement for the month of March:

 

On March 1, 2013, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer service centers, and various other delivery services using leased vans. On February 28, Dary invested $15,000 of her own funds in the firm and borrowed $6,000 from her father on a six-month, non-interest-bearing note payable. The following information is available at March 31:

 

Accounts Receivable 9,700 delivery fees earned 19,300

Rent expense 1,500 cash 12,900

Advertising expense 900 supplies 6,500

supplies expense 2,700 notes payable 6,000

accounts payable 1,200 insurance expense 800

salaries expense 6,300 common stock 15,000

miscellaneous expense 200 retained earnings ?

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 01:08 AM My Price 11.00

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