Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance
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Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.
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Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Debit Credit Cash $ 5,360 Accumulated Depreciation-Equipment $ 700 Accounts Receivable 480 Notes Payable 4.440 Supplies 920 Accounts Payable 790 Prepaid Insurance 720 Salaries and Wages Payable 300 Equipment Owner's Drawings 12.000 Owner's Capital 11.200 500 Service Revenue 12,460 Supplies Expense 160 $29,890 Depreciation Expense 700 Insurance Expense 240 Salaries and Wages Expense 7,400 Rent Expense 960 Utilities Expense 450 $29,890 Determine the net income for the quarter April 1 to June 30. Net income 2$ eTextbook and Media Determine the total assets and total liabilities at June 30, 2020, for Ming Company. Ming Company Total assets $ Total liabilities 24 eTextbook and Media Determine the amount that appears for Owner's Capital at June 30, 202o. Owner's capital, June 30 2$ Ming Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Debit Credit Cash $ 5,360 Accumulated Depreciation-Equipment $ 700 Accounts Receivable 480 Notes Payable 4.440 Supplies 920 Accounts Payable 790 Prepaid Insurance 720 Salaries and Wages Payable 300 Equipment Owner's Drawings 12.000 Owner's Capital 11.200 500 Service Revenue 12,460 Supplies Expense 160 $29,890 Depreciation Expense 700 Insurance Expense 240 Salaries and Wages Expense 7,400 Rent Expense 960 Utilities Expense 450 $29,890 Determine the net income for the quarter April 1 to June 30. Net income 2$ eTextbook and Media Determine the total assets and total liabilities at June 30, 2020, for Ming Company. Ming Company Total assets $ Total liabilities 24 eTextbook and Media Determine the amount that appears for Owner's Capital at June 30, 202o. Owner's capital, June 30 2$
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Answer Ming Company Income Statement Revenues Service Revenue ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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