From the completed worksheet in Exercise 4A-4, prepare In Exercise 4A-4 a. An income statement for October.
Question:
From the completed worksheet in Exercise 4A-4, prepare
In Exercise 4A-4
a. An income statement for October.
b. A statement of owner’s equity for October.
c. A balance sheet as of October 31,201X.
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:
. TRIPP TRIAL BALANCE OCTOBER 31, 201x Dr Cr Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Equipment Accounts Payable 200 200 9100 800 500 Tripp, Capital . Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense 100 0 1000 200 8300 0
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A JTRIPP INCOME STATEMENT FOR MONTH ENDED OCTOBER 31 201X Revenue Revenue from Clients 2 7 00 Oper...View the full answer
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