Based on the data in Exercise 4-22, prepare an income statement, statement of stockholders equity, and balance
Question:
Based on the data in Exercise 4-22, prepare an income statement, statement of stockholders’ equity, and balance sheet for Alert Security Services Co. During the year ended October 31, 20Y3, common stock of $10 was issued.
Data from 4-22:
Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:
A B D E 1 Alert Security Services Co. End-of-Period Spreadsheet 2 For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Balance Sheet 4 Statement 5 Account Title Cr. Dr. Dr. Cr. Dr. Cr. 6 Cash 12 7 Accounts Receivable 8 Supplies 9 Prepaid Insurance 103 4 10 Land 190 11 Equipment 12 Accum. Depr.-Equipment 13 Accounts Payable 14 Wages Payable 15 Common Stock 16 Retained Earnings 17 Dividends 18 Fees Earned 19 Wages Expense 20 Rent Expense 21 Insurance Expense 22 Utilities Expense 23 Supplies Expense 24 Depreciation Expense-Equip. 25 Miscellaneous Expense 50 36 50 210 213 111 12 10 4 3 2 517 517 26 Net income (loss) 27 28 3.
Step by Step Answer:
Alert Security Services Co Income Statement For the Year Ended October 31 20Y3 Fees earned 213 Expen...View the full answer
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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