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As the bookkeeper of Daniels Repair Service, use the information

As the bookkeeper of Daniels Repair Service, use the information in Figure, to prepare 1. A worksheet

Question:

As the bookkeeper of Daniel€™s Repair Service, use the information in Figure, to prepare

1. A worksheet for the month of April.
2. An income statement for April, a statement of owner€™s equity for April, and a balance sheet as of April 30, 201X.
Adjustment Data to Update Trial Balance
a. Insurance expired, $200.
b. Repair supplies on hand, $2,600.
c. Depreciation on repair equipment, $500.
d. Wages earned but unpaid,$180.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

Transcribed Image Text:

DANIEL'S REPAIR SERVICE TRIAL BALANCE APRIL 30, 201X Dr. Cr. Cash Prepaid Insurance 40000 epair Equipment Accounts Payable D. Heins, Capital Revenue from Repairs Wages Expense Rent Ex 504000 574000 1928000 192 8000

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DANIELS REPAIR SERVICE WORKSHEET FOR MONTH ENDED APRIL 30 201X 2 DANIELS REPAIR SERVICE INCOME STATE...View the full answer

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College Accounting A Practical Approach

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Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 09:42 AM

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