QUESTION ONE - Prepare V-Star Maintenance's Income Statement, Statement of Owner's Equity and Balance sheet for...
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QUESTION ONE - Prepare V-Star Maintenance's Income Statement, Statement of Owner's Equity and Balance sheet for the year ended December 31, 2014. Be sure to correctly head up each statement with the company's name and date. Accounts Payable Accounts Receivable Cash Design Service Revenue Marketing Expense Office Rent Expense Owner's Capital, November 30, 2013 Salaries Expense Salaries Payable Supplies Supplies Expense Withdrawals $ 7,400 9,100 141,600 248,000 19,700 18,200 70,400 96,000 2,700 800 3,100 40,000 QUESTION TWO- Prepare the Trial Balance for the following accounts. Cash 10,000 6,000 Bal. 4,000 Accounts Receivable 400 Bal. 400 Accounts Payable 50 Bal. 50 Common Stock 2,050 Bal. 2,050 Service Revenue Bal. 100 2,000 400 Bal. 2,400 Advertising Expense 100 QUESTION ONE - Prepare V-Star Maintenance's Income Statement, Statement of Owner's Equity and Balance sheet for the year ended December 31, 2014. Be sure to correctly head up each statement with the company's name and date. Accounts Payable Accounts Receivable Cash Design Service Revenue Marketing Expense Office Rent Expense Owner's Capital, November 30, 2013 Salaries Expense Salaries Payable Supplies Supplies Expense Withdrawals $ 7,400 9,100 141,600 248,000 19,700 18,200 70,400 96,000 2,700 800 3,100 40,000 QUESTION TWO- Prepare the Trial Balance for the following accounts. Cash 10,000 6,000 Bal. 4,000 Accounts Receivable 400 Bal. 400 Accounts Payable 50 Bal. 50 Common Stock 2,050 Bal. 2,050 Service Revenue Bal. 100 2,000 400 Bal. 2,400 Advertising Expense 100
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1 V Star Maintenance Income Statement For the year ended December 31 2014 Design Services Revenue 24... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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