The general ledger accounts and balances for Kits & Pups Grooming follow. 1. Prepare a work sheet
Question:
The general ledger accounts and balances for Kits & Pups Grooming follow.
1. Prepare a work sheet for the month ended September 30, 20--.
2. Prepare an income statement for the period.
3. Prepare a statement of changes in owner’s equity. Abe Shultz made an additional investment of $2,500 during the period.
4. Prepare a balance sheet in report form.
Transcribed Image Text:
General Ledger 101 Cash in Bank 105 Accts. Rec.-Juan Alvarez 110 Accts. Rec. Nathan Carlsbad 115 Accts. Rec.-Martha Giles 120 Grooming Supplies 125 Office Equipment 130 Office Furniture 135 Computer Equipment 140 Grooming Equipment 145 Kennel Equipment 201 Accts. Pay.-Able Store Equipment 205 Accts. Pay.-Dogs & Cats Inc. 207 Accts. Pay.-Pet Gourmet 301 Abe Shultz, Capital 305 Abe Shultz, Withdrawals 310 Income Summary 401 Boarding Revenue 405 Grooming Revenue 501 Advertising Expense 505 Equipment Repair Expense 510 Maintenance Expense 520 Rent Expense 530 Utilities Expense $ 4,296 1,528 904 1,219 1,368 8,467 3,396 2,730 1,974 7,412 3,876 2,746 1,281 30,928 1,900 11,989 4,420 3,934 943 2,483 8,850 3,836
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