Provided below is a partial work sheet for Ardery Advising. REQUIRED During January, Ardery made an additional
Question:
Provided below is a partial work sheet for Ardery Advising.
REQUIRED
During January, Ardery made an additional investment of $1,200. Prepare an income statement, statement of owner's equity, and balance sheet for ArderyAdvising.
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Ardery Advising Work Sheet (Partial) For Month Ended January 31, 20-- INCOME STATEMENT BALANCE SHEET ACCOUNT TITE DEBIT CREDIT DEBIT GEIT 2412 00 1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Insurance 5 Office Equipment 6 Accum. Depr.-Office Equipment 7 Accounts Payable 8 Wages Payable 9 Notes Payable 10 Sam Ardery, Capital 11 Sam Ardery, Drawing 1. 89600 48 2 00 3. 90 0 00 300 0 00 5. 200 0 00 6 2190 00 7 1 20 0 00 8 300 0 00 9 2200 00 10 80 0 00 11 12 Advising Fees 13 Wages Expense 14 Advertising Expense 15 Rent Expense 16 Supplies Expense 17 Telephone Expense 18 Electricity Expense 19 Insurance Expense 38 0200 12 18 0 0 00 4 0 0 00 15 0 0 00 1 20 00 13 14 15 16 300 00 17 4 4 00 200 00 38 00 10 0 0 00 5 0 0 00 59 0 2 00 18 19 Gas and Oil Expense 20 20 21 Depr. ExpenseOffice Equipment 22 Miscellaneous Expense 21 22 38 02 00 2|1 00 00 59 0 2 00 8 49 0 00 10 5 9 0 00 23 23 2100 00 10 5 9 0 00 24 Net Loss 24 59 0 2 00 10 5 9 0 00 25 25
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