Tim Roadster began Roadster Servicing on April 1, 2023, and showed the following items after the first
Question:
Tim Roadster began Roadster Servicing on April 1, 2023, and showed the following items after the first month of operations. Match each of these items with the financial statement or statements on which it should be presented. Indicate your answer by writing the letter or letters for the correct statement(s) in the blank space next to each item.
a. Income statement
b. Statement of changes in equity
c. Balance sheet
Transcribed Image Text:
1. Supplies 2. Supplies expense 3. Accounts receivable $10 22 25 4. Accounts payable 12 5. Equipment 40 6. Tim Roadster's withdrawals in April 35 7. Notes payable 30 8. Utilities expense 10 9. Furniture 20 10. Revenue 70 11. Rent revenue 35 12. Salaries expense 45 13. Tim Roadster's investments in April 60 14. Profit ?
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Calculated as 70 35 22 10 45 28 1 Supplies Supplies expense 2 3 4 5 6 7 a ...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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