Question: PROBLEM 5-2A The partial work sheet for Ho Consulting for May follows: X A H J K INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT

PROBLEM 5-2A The partial work sheet for Ho Consulting for May follows: X A H J K INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT 7 Cash 5,710.00 8 Supplies 209.00 9 Prepaid Insurance 1,123,00 10 Equipment 5,731.00 11 Accumulated Depreciation, Equipment 1,444.00 12 Accounts Payable 1.841.00 13 G. Ho, Capital 4,302.00 14 G. Ho, Drawing 2.400.00 15 Consulting Revenue 13,060.00 16 Rent Expense 2,200.00 17 Wages Expense 1,828.00 18 Supplies Expense 422.00 19 Miscellaneous Expense 230.00 20 21 Insurance Expense 325.00 22 Depreciation Expense, Equipment 835.00 23 Wages Payable 366.00 24 5,840.00 13,060.00 15,173.00 7,953.00 25 Net Income 7220.00 7220.00 26 13,060.00 13,060.00 15,173.00 15,173.00 27 Sheet1 Sheet2 ( Sheet3
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
