Provided below is a financial statements for Juanita's Delivery Service. Juanita's Delivery Service Trial Balance September...
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Provided below is a financial statements for Juanita's Delivery Service. Juanita's Delivery Service Trial Balance September 30, 20- ACCOUNT TITLE - Cash Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accounts Payable Juanita Raye, Capital Juanita Raye, Drawing Delivery Fees Wages Expense Rent Expense DEBIT BALANCE CREDIT BALANCE 5,000 2,000 900 600 9,000 800 2,100 1,000 21,400 3,000 8,800 9,600 21,400 Juanita's Delivery Service Income Statement For Month Ended September 30, 20- Revenue: Delivery fees Expenses: Wages expense Rent expense Total expenses Net income $2,100 1,000 $9,600 3,100 $6,500 Juanita's Delivery Service Statement of Owner's Equity For Month Ended September 30, 20-- Juanita Raye, capital, September 1, 20-- Net income for September Less withdrawals for September Increase in capital Juanita Raye, capital, September 30, 20-- $6,500 800 $8,800 5,700 $14,500 Prepare a balance sheet for Juanita's Delivery Service as of September 30, 20--. Assets Total assets Balance Sheet September 30, 20- Liabilities Owner's Equity Total liabilities & owner's equity 39 Provided below is a financial statements for Juanita's Delivery Service. Juanita's Delivery Service Trial Balance September 30, 20- ACCOUNT TITLE - Cash Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accounts Payable Juanita Raye, Capital Juanita Raye, Drawing Delivery Fees Wages Expense Rent Expense DEBIT BALANCE CREDIT BALANCE 5,000 2,000 900 600 9,000 800 2,100 1,000 21,400 3,000 8,800 9,600 21,400 Juanita's Delivery Service Income Statement For Month Ended September 30, 20- Revenue: Delivery fees Expenses: Wages expense Rent expense Total expenses Net income $2,100 1,000 $9,600 3,100 $6,500 Juanita's Delivery Service Statement of Owner's Equity For Month Ended September 30, 20-- Juanita Raye, capital, September 1, 20-- Net income for September Less withdrawals for September Increase in capital Juanita Raye, capital, September 30, 20-- $6,500 800 $8,800 5,700 $14,500 Prepare a balance sheet for Juanita's Delivery Service as of September 30, 20--. Assets Total assets Balance Sheet September 30, 20- Liabilities Owner's Equity Total liabilities & owner's equity 39
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Balance sheet records assets and liabilities Total assets To... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
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