From the completed worksheet in Exercise 4B-4, prepare In Exercise 4B-4 A. An income statement for October.
Question:
In Exercise 4B-4
A. An income statement for October.
b. A statement of owners 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:
J. TRIPP TRIAL BALANCE OCTOBER 31, 201X Dr Cr Cash Accounts Receivable 600 200 4 00 7 00 9 00 Store Supplies Store Equipment Accumulated Depreciation, Equipment Accounts Payable . Tripp, Capital L. Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense 3 00 4 00 10 00 it 900 2 500 3 00 2 00 4200 4200
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