On January 1, 2019, Dance Training Co entered its second year of operations. Dance Training Co...
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On January 1, 2019, Dance Training Co entered its second year of operations. Dance Training Co provides elte personal training courses to dancers who want to work uise ships. On December 31, 2020, Jordan Ryan, the owner, finalzed the company's records, which showed the followin Accounts payable Accounts receivable Cash $ 10,200 50,e00 26,400 24,100 20,000 143,000 14,000 2,900 se,100 50, e00 28,000 4, B00 Choreography revenue Dance studio equipment Dance training revenue Furniture Interest expense Jordan Ryan, capital, December 31, 19 Jordan Ryan, withdrawals Notes payable Prepaid rent Rent expense Supplies Supplies expense Utilities expense Wages expense 18,000 3,200 16,700 10,600 68, 8ee "Hint The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments during the year ended December 31, 2020 Required: a. Prepare an income statement for the year ended December 31, 2020. Next On January 1, 2019, Dance Training Co entered its second year of operations. Dance Training Co provides elte personal training courses to dancers who want to work uise ships. On December 31, 2020, Jordan Ryan, the owner, finalzed the company's records, which showed the followin Accounts payable Accounts receivable Cash $ 10,200 50,e00 26,400 24,100 20,000 143,000 14,000 2,900 se,100 50, e00 28,000 4, B00 Choreography revenue Dance studio equipment Dance training revenue Furniture Interest expense Jordan Ryan, capital, December 31, 19 Jordan Ryan, withdrawals Notes payable Prepaid rent Rent expense Supplies Supplies expense Utilities expense Wages expense 18,000 3,200 16,700 10,600 68, 8ee "Hint The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments during the year ended December 31, 2020 Required: a. Prepare an income statement for the year ended December 31, 2020. Next
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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