Question: Please solve Prepare an income statement ending Sep30 A balance sheet also The account balance appearing on the trial balance (below) were taken from the

Please solve

Prepare an income statement ending Sep30

A balance sheet also

The account balance appearing on the trial balance (below) were taken from the general ledger of Rick?s Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts in as follows: A physical count of supplies indicates $ 300 on hand at September 30. The amount of insurance that expired in the month of September was $200. Depreciation on equipment for September was $400. Rent owed on the copy shop for the month of September was $600 but will not be paid until October. Instructions Using the above information, complete the worksheet on the following page for Rick?s copy shop for the month of September

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Suzuki Supply reports the following amounts at the end of 2024 (before adjustment). Credit Sales for 2024 Accounts Receivable, December 31, 2024 $244,000 39,000 1,100 (Credit) Allowance for...

The account balances for the Pittman International Company on January 31, 20X1, follow. The balances shown are after the first month of operations. 101 Cash 111 Accounts receivable 121 Supplie 131...

1)Enter transactions to the appropriate journals (Sales, Purchases, Cash Receipts, Cash Disbursements or General Journal).An example is shown for each special journal. 2)Post to the appropriate...

Example of Manual Accounting (The bad old days) XENIX Company completed these transactions during January of the current year: January 1, Began business by selling stock for $500,000. January 1,...

Instructions: 1) Enter transactions to the appropriate journals (Sales, Purchases, Cash Receipts, Cash Disbursements or General Journal). An example is shown for each special journal. a) Hint: before...

The Manual Accounting Process Instructions for completing handout and quiz on D2L 1) Enter transactions to the appropriate journals (Sales, Purchases, Cash Receipts, Cash Disbursements or General...

Critical Thinking Problem 5.2 (Static) Worksheet and Financial Statements The account balances for the Pittman International Company on January 31, 20X1, follow. The balances shown are after the...

Critical Thinking Problem 5.2 (Algo) Worksheet and Financial Statements The account balances for the Pittman International Company on January 31, 20X1, follow. The balances shown are after the first...

4. In January, the company received $45,000 in cash from customers who bought merchandizes last year. The remaining $30,000 was received in February. 5. On January 28 , the company paid its suppliers...

Instructions for completing handout 1) Enter transactions to the appropriate journals (Sales, Purchases, Cash Receipts, Cash Disbursements or General Journal). An example is shown for each special...

With the CFOs help, you developed the following work plan for the project: 1. Set up T-accounts with proper account titles and beginning balances. 2. Analyze each of the summary transitions 1 18,...

Define and distinguish between the following types of liability covered during the course: strict liability, vicarious liability, joint and several liability. Provide ONE (1) example of each.

Better Food Company recently acquired an olive oil processing company that has an annual capacity of 2,000,000 liters and that processed and sold 1,400,000 liters last year at a market price of $4...

Long - term liabilities are usually associated with: A . purchase of equipment. B . purchase of a bulding. C . payment of wages owed. D . A and B .

A stadium roof truss is loaded as shown. Determine the force in members BC, BH, and GH. kipa Is kipa 0s kips -12 -11n n -1th- 31.5 A 15.75

A factory building is located in an area subject to occasional flooding by a nearby river. You have been brought in as a consultant to determine whether flood proofing of the building is economically...

Over the last 10 years, the hurdle or discount rate for projects from the firm's research and development division has been 10% twice, 15% three times, and 20% the rest of the time. There is no...

A monatomic ideal gas that is initially at a pressure of 1.50 X 105 Pa and has a volume of 0.0800 m' is compressed adiabatically to a volume of 0.0400 m3. (a) What is the final pressure? (b) How much...

Our cat Fred's summer kitty-cottage needs a new roof. He's considering the following two proposals and feels a 15-year analysis period is in line with his remaining lives. Which roof should he choose...

------------------------------------- At the beginning of its first year of operations, Bonita Limited has 4,900, $3 preferred shares and 48,000 common shares. Using the format shown below, allocate...

There is much concern about how people behave in the workplace and use words such as respectful to indicate how employees are to treat everyone. What does respectful look like to you?

Working in a group of 4 to 5 students, identify some of the ethical dilemmas that might arise in the areas of selection, performance reviews, health and safety, privacy rights, and compensation.

What legal requirement did Aurora have to meet that was more stringent than for liquor producers?