Question: Exercise 4-3 I need help. Exercise 4-3 The adjusted trial balance columns of the worksheet for Savaglia Company are as follows. The owner did not

Exercise 4-3 I need help.
Exercise 4-3 I need help. Exercise 4-3 The adjusted trial balance columns
of the worksheet for Savaglia Company are as follows. The owner did
not make any additional investments in the business in April. SAVAGLIA COMPANY

Exercise 4-3 The adjusted trial balance columns of the worksheet for Savaglia Company are as follows. The owner did not make any additional investments in the business in April. SAVAGLIA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 Accounts Receivable 7,200 Prepaid Rent 2,400 Equipment 23,000 Accumulated Depreciation-Equip. 4,600 Notes Payable 5,600 Accounts Payable 5,200 Owner's Capital 28,080 Owner's Drawings 3,300 Service Revenue 15,900 Salaries and Wages Expense 10,500 Rent Expense 900 Depreciation Expense 680 Interest Expense 50 Interest Payable 50 59,430 59,430 Totals Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SAVAGLIA COMPANY Income Statement Prepare an owner's equity statement. (List items that increase owner's equity first.) SAVAGLIA COMPANY Owner's Equity Statement Prepare a classified balance sheet. (List Current Assets in order of liquidity.) SAVAGLIA COMPANY Balance Sheet Assets Liabilities and Owner's Equity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!