List the monthly trial balance according to the journal entries. Then according to the form given, prepare comparative statement of comprehensive the income （income statement）and comparative statement of finanical position（balance sheet）.Thank you very much .

 

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1-9A Cash 200,000 Capital-Tim Capital-Nicomedes Capital-Sonia Capital-Cloris Capital-layson 40,000 40,000 40,000 40,000 40,000 19A Legal Expense 100 Cash 100 Rent expense Rent Deposit Sep 1 50.000 150,000 Cash 200,000 Paid the rent 1-9A Prepaid insurance 2400 Cash 2,400 2-9A Furniture & Equipment 47,500 Ca 47,500 Purchas 13 computers, fumature and 2 printers 10 closets Fixtures & Fittings 80,000 Cash 80,000 Paid for decoration 10-9A Supplies 260 Cah 260 purchaves 100 coat hanger 5 tape measures 10 percih 13-9A Furmiture & Equipment SI0900 Cash S10900 purchase 2 water fountains and central air-conditioning 169A Inventory %230,000 Cash $30000 Purchased clothing from manufacturers Cash 40,000 Revenue 40,000 received revenae by selling clothing Cost of sales 24,000 Inventory 24,000 30-9A Electricity Expenses Electricity payable Paid for electricity bill 1,000 1,000 Water Expenses Water payable Paid for water bill 500 S00 30-9A Wages Exspense Cash SI5.000 SI5,000 paid salaries to employees 30-9A Insurance Expense Prepaid insurance 200 200 30-9A Depreciation-furmiture & oquipment Allownance for depreciation-fuurmiture & oquiphent 46.667 486 667 Depreciation-fixture nd fitings Allowance for depreciation-fixtures and fitings 30-9A L000 1000 1-9A Cash 200,000 Capital-Tim Capital-Nicomedes Capital-Sonia Capital-Cloris Capital-layson 40,000 40,000 40,000 40,000 40,000 19A Legal Expense 100 Cash 100 Rent expense Rent Deposit Sep 1 50.000 150,000 Cash 200,000 Paid the rent 1-9A Prepaid insurance 2400 Cash 2,400 2-9A Furniture & Equipment 47,500 Ca 47,500 Purchas 13 computers, fumature and 2 printers 10 closets Fixtures & Fittings 80,000 Cash 80,000 Paid for decoration 10-9A Supplies 260 Cah 260 purchaves 100 coat hanger 5 tape measures 10 percih 13-9A Furmiture & Equipment SI0900 Cash S10900 purchase 2 water fountains and central air-conditioning 169A Inventory %230,000 Cash $30000 Purchased clothing from manufacturers Cash 40,000 Revenue 40,000 received revenae by selling clothing Cost of sales 24,000 Inventory 24,000 30-9A Electricity Expenses Electricity payable Paid for electricity bill 1,000 1,000 Water Expenses Water payable Paid for water bill 500 S00 30-9A Wages Exspense Cash SI5.000 SI5,000 paid salaries to employees 30-9A Insurance Expense Prepaid insurance 200 200 30-9A Depreciation-furmiture & oquipment Allownance for depreciation-fuurmiture & oquiphent 46.667 486 667 Depreciation-fixture nd fitings Allowance for depreciation-fixtures and fitings 30-9A L000 1000

Answer rating: 100% (QA)

Comparative Income statement Sept Oct Nov Revenue 40000 23000 Fees earned 34000 60000 Cost of sales ... View the full answer