Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity
Expert Answer:
Related Book For
College Accounting A Practical Approach chapte
ISBN: 9780133791006
13th edition
Authors: Jeffrey Slater
Posted Date:
Students also viewed these accounting questions
-
Using the following information, prepare an income statement Cost of goods sold . . . . . . . . . $ 7,300 Interest expense . . . . . . . . . . . 1,200 Wage expense . . . . . . . . . . . . 900 Cash ....
-
Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2014, and a balance sheet at May 31, 2014. Analysis Component:...
-
Using the trial balance provided above, prepare an income statement and a statement of changes in equity for the first three months ended July 31, 2014, and a balance sheet at July 31, 2014. Analysis...
-
What do you believe is the most challenging aspect of using the economic analysis workbook? Briefly describe the challenge and any suggestion you have to reduce the challenge.
-
Rocky Plain Company provides cable and Internet services in the greater Denver area. There are many competitors that provide similar services. Rocky Plain believes that the key to financial success...
-
Rox Corporations multiple-step income statement and retained earnings statement for the year ended December 31, 2016, as developed by its bookkeeper, are shown here: Retained Earnings Statement...
-
At December 31, 2017, Eric Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2018, Eric also had two notes payable outstanding (notes 3 and 4). These notes are described...
-
Ealing Corporation, a U.S. diversified power management company, reported a balance in Retained Earnings of $2,796 million at the beginning of Year 7 and $3,257 million at the end of Year 7. Based on...
-
On the Data Visualization Student tab in your Excel spreadsheet, update the price per unit for all four products for Office Warehouse Inc. with the data below: Products Available Price per Unit Paper...
-
The trial balance of Pacilio Security Services Inc. as of January 1, 2015, had the following normal balances: Cash ...................$62,860 Accounts receivable ............. 20,500 Supplies...
-
A flue gas contains 17% carbon dioxide, 12 percent water and the rest nitrogen. What is the ORSAT analysis of the flue gas.
-
Let f(x)= == 3x+7x-6 Find the equations of the horizontal asymptotes and the vertical asymptotes of f(x). If there are no asymptotes of a given type, enter 'NONE'. If there is more than one asymptote...
-
How Company analysis and industry analysis are closely related. Discuss. (b) Outline the dividend discount model (DDM) and evaluate it as a valuation tool.
-
Find the sum of the geometric series, if possible. 9 1)5(2)" n=1 34 8 T 2) n=
-
# 1 Average Velocity Mat and Tam embark on a weekend journey with four stages. First, they drove due East for exactly two and a half hours at a speed of 8 0 kilometers per hour. Then, they visited a...
-
A company which produces railway sleepers for rail infrastructure projects, is seeking to improve its product quality and reliability. The company has provided the following qualitative and...
-
A mortgage agreement provides the lender with O 1. Secured O2. Unsecured O 3. Nonpossesory O 4. Possesory interests.
-
You are planning to purchase your first home five years from today. The required down payment will be $50,000. You currently have $20,000. but you plan to contribute $500 each quarter to a special...
-
Risch Company each year prepares an income statement and balance sheet. Tom Martin, the controller, issued a memo to Debbie Kreiger, vice president, that the company should prepare a statement of...
-
Jeanette Wu, owner of Wu Home Decorating Service has requested that you prepare from the following balances (a) An income statement for June 201X, (b) A statement of owner's equity for June, (c) A...
-
Match the following to the three business transactions (more than one number can be used). 1. Recorded to the accounts payable subsidiary ledger. 2. Recorded to the general journal. 3. Posted to the...
-
Number the following activities from 1 to 3 in the order corresponding to the typical flow of cost in a CPA firm. Record the time worked on a client project by professional staff. Record the...
-
At December 31, 2019, the end of its fiscal year, Kelly Metal Products Corporation collected the following data for 2019: Required Prepare a schedule of cost of goods manufactured and sold for Kelly...
-
Brooklyn Company reported the following amounts for October: Use Excel to prepare a schedule of cost of goods manufactured for October. Beginning raw materials inventory. Beginning work-in-process...
Study smarter with the SolutionInn App