MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows:...
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MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No 101 Cash Shop supplies Account 124 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation, equipment 201 210 301 302 401 612 623 637 640 650 690 Accounts payable Wages payable Mike Yang, capital Mike Yang, withdrawals Repair revenue Depreciation expense, equipment Wages expense Insurance expense Rent expense office supplies expense Utilities expense Totals Debit $ 28,500 2,050 4,700 90,500 Credit There were no investments by the owner during the year. $ 8,000 19,500 9,360 145,000 162,130 38,500 9,000 105,000 2,150 54,850 5,300 3,440 $343,990 $343,990 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023. Revenues: Operating expenses: MY AUTOBODY Income Statement For Year Ended December 31, 2023 Total operating expenses Prepare a statement of changes inequity for the year ended December 31, 2023. MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2023 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Current assets Total current assets Property, plant and equipment Total assets Current liabilities: Total current liabilities Total liabilities and equity MY AUTOBODY Balance Sheet December 31, 2023 Assets Liabilities Equity MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No 101 Cash Shop supplies Account 124 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation, equipment 201 210 301 302 401 612 623 637 640 650 690 Accounts payable Wages payable Mike Yang, capital Mike Yang, withdrawals Repair revenue Depreciation expense, equipment Wages expense Insurance expense Rent expense office supplies expense Utilities expense Totals Debit $ 28,500 2,050 4,700 90,500 Credit There were no investments by the owner during the year. $ 8,000 19,500 9,360 145,000 162,130 38,500 9,000 105,000 2,150 54,850 5,300 3,440 $343,990 $343,990 There were no investments by the owner during the year. Prepare an income statement for the year ended December 31, 2023. Revenues: Operating expenses: MY AUTOBODY Income Statement For Year Ended December 31, 2023 Total operating expenses Prepare a statement of changes inequity for the year ended December 31, 2023. MY AUTOBODY Statement of Changes in Equity For Year Ended December 31, 2023 Mike Yang, capital, January 1 Mike Yang, capital, December 31 Current assets Total current assets Property, plant and equipment Total assets Current liabilities: Total current liabilities Total liabilities and equity MY AUTOBODY Balance Sheet December 31, 2023 Assets Liabilities Equity
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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