The following are the balance of accounts of chai laundry shop owned and operated by charisa samaniego

Fantastic news! We've Found the answer you've been seeking!

Question:

The following are the balance of accounts of chai laundry shop owned and operated by charisa samaniego after two months of operations ended October 31 2022

cash 85000

acct receivable 2500

supplies 2000 furniture 44500

equipment 54500

acct payable 8000

notes payable 3000

sarmiento capital 175900 sarmiento

drawing 1000

laundry revenue 18600

rent expense 60000

repair and maintenance expense 2500

utilities expense 4000

salaries expenses 3500

what are state income, statement of change of owner equity report balance sheets

Related Book For answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

See More Books

Posted Date: Apr 13, 2023 03:20 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2016, the end of the fiscal year, the accountant for The Gorman Group prepared an...
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y3, the end of the fiscal year, the accountant for The Gorman Group prepared an...
DS Unlimited has the following transactions during August. August 6 Purchases 88 handheld game devices on account from GameGirl, Inc., for $290 each, terms 1/10, n/60. August 7 Pays $490 to Sure...
The equilibrium separation between the nuclei of the CO molecule is 0.113 nm. Determine the energy difference between the = 2 and = 1 rotational energy levels of this molecule.
In Problem find the area bounded by the graphs of the indicated equations over the given intervals (when stated). Compute answers to three decimal places. y = x 2 - 4x; y = 0; -1 x 4
What does Paint by Number Engineering refer to? What are its pros and cons?
Mary Graham worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering establishing her own real estate agency. She...
National Fibre Ltd. Chairs manufactures chairs and provides the following information: Fixed Cost R50,000 for this year Variable cost R25 per chair Capacity 2000 chairs per year Selling price R75 per...
There are THREE (3) questions in this section. Answer ALL questions in the Answer Booklet provided. Read the following case study and answer the questions. From a Grocery Stall to an Empire Mapping a...
What resources or financial counseling services are available to help navigate the costs and potential financial burdens associated with cancer treatment and how can you strategically plan and manage...
(b) Prepare an incremental analysis concerning the possible discontinuance of Division I. (Round answers to 0 decimal places, e.g. 1525. Enter negative amounts using either a negative sign preceding...
Tardy Clocks Inc.(TC) has long-term bonds with a face value of $6M, the coupon rate on the bonds is 6% and the yield on the bonds is also 6%. The unleveled cost of equity is 10% and the value of TC's...
Kent Corp. is a calendar-year, accrual-basis C corporation. In 2007, Kent made a nonliquidating distribution of property with an adjusted basis of $150,000 and a fair market value of $200,000 to...
Reefer Trucking Inc. is an all-equity firm that generates EBIT of$3 million annually in perpetuity(starting in one year). Reefer shareholders require a return of 11%, and the corporate tax rate is...
Moruzzi Corporation is a single-product company that expects the following operating results for next year: Sales.......................................................... $320,000 Contribution...
An experiment was conducted to measure the effectiveness of various feed supplements on the growth rate of chickens. A five number summary of the weights of the chicks in grams six weeks after...
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned .......................................... $899,600 Office expense...
For a recent year, the balance sheet for The Campbell Soup Company includes accrued expenses of $676 million. The income before taxes for Campbell for the year was $272 million. a. Assume the...
The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the debits...
Calculate the volatility and the current price of oil futures implied by the call 1600 August and the call 1700 August of Figure 19.8 by using the Black-Scholes formula with $T=.25$. OIL CRUDE OIL...
Consider a continuous-time environment, with $e$ as a variable outside of the market. (a) Suppose the final payoff is $V\left(x_{e}, T ight)=x_{e}(T)$. Find $V\left(x_{e}, t ight)$. (b) Find a...
Mr. Smith wants to buy a car and is deciding between brands A and B. Car A costs $\$ 20,000$, and Mr. Smith estimates that at the rate he drives he will sell it after 2 years and buy another of the...

The following are the balance of accounts of chai laundry shop owned and operated by charisa samaniego

Question:

Expert Answer:

Income Statement for Chai Laundry Shop for the Two Months Ended October 31 20... View the full answer

Accounting

Students also viewed these finance questions