i Financial Position Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies...
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i Financial Position Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies Land Payable Shares Earnings Bal. 1,450 1,550 11,900 8400 4,000 2,500 Print Done A (Click the icon to view the transactions.) ulting, Inc. f O Transactions en complete nt. During June 2020, the business completed these transactions: Received cash of $9,000 and issued common shares. Performed services for a client and received cash of $6,700. Paid $4,900 on accounts payable Purchased supplies on account, $500 а. b. с. d. е. Collected cash from a customer on account, $400. Consulted on the design of a business report, and billed the client for services rendered, $2,400. Recorded the following business expenses før the month: paid office rent, $1,200; paid advertising, $900. Declared and paid a cash dividend of $2,300. f. h. Print Done as for the mort tement by selecting the appropriate labels and entering the correct amounts. (Use a minus sign or parentheses for a net Requirements - X Prepare the income statement of Williamson Consulting, Inc. for the month ended June 30, 2020. List expenses in decreasing order by 1. amount. 2. Prepare the entity's statement of retained earnings for the month ended June 30, 2020. 3. Prepare the balance sheet of Williamson Consulting, Inc. at June 30, 2020. Print Done i Financial Position Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies Land Payable Shares Earnings Bal. 1,450 1,550 11,900 8400 4,000 2,500 Print Done A (Click the icon to view the transactions.) ulting, Inc. f O Transactions en complete nt. During June 2020, the business completed these transactions: Received cash of $9,000 and issued common shares. Performed services for a client and received cash of $6,700. Paid $4,900 on accounts payable Purchased supplies on account, $500 а. b. с. d. е. Collected cash from a customer on account, $400. Consulted on the design of a business report, and billed the client for services rendered, $2,400. Recorded the following business expenses før the month: paid office rent, $1,200; paid advertising, $900. Declared and paid a cash dividend of $2,300. f. h. Print Done as for the mort tement by selecting the appropriate labels and entering the correct amounts. (Use a minus sign or parentheses for a net Requirements - X Prepare the income statement of Williamson Consulting, Inc. for the month ended June 30, 2020. List expenses in decreasing order by 1. amount. 2. Prepare the entity's statement of retained earnings for the month ended June 30, 2020. 3. Prepare the balance sheet of Williamson Consulting, Inc. at June 30, 2020. Print Done
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Assets Stockholders Equity Date Cash Accounts Supplies Land Accounts Payable Common Stock Retained E... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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