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ACC - Create an income statement and a balance sheet

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Question

Question;Create an income statement and a balance sheet from the information below? Account Debit Credit Cash 15200 Accounts Receivable 200 Supplies 1000 Prepaid insurance 550 Equipment 5000 Accumulated depreciation 40 Notes Payable 5000 Accounts Payable 2500 Unearned Service revenue 800 Salaries & wages payable 1200 Interest payable 50 Owner's capital 10000 Owner's drawing 500 Service revenue 10600 Salaries & wages expense 5200 Supplies expenses 1500 Rent expense 900 Insurance expense 50 Interest expense 50 Depreciation expense 40

 

Paper#42669 | Written in 18-Jul-2015

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