The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash...

Transcribed Image Text:

The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash Account Receivable Stationery Prepaid Rent Office Equipment Accumulated Depreciation - Office Equipment Account Payable Unearned Design Revenue Wages Payable Capital Drawings Service Revenue Wages Expense Office Supplies Expenses Rent Expenses Depreciation Expense - Office Equipment Utilities Expense TOTAL 22,480 5,000 3,660 1,600 16,320 2,800 5,520 1,540 1,600 300 680 $61,500 300 6,280 600 720 40,000 13,600 $61,500 1. Prepare an Income Statement for the month ended Ocotber 31, 2020 2. Prepare a Statement of Owner's Equity for the month ended October 31, 2020 3. Prepare a Statement of Financial Position or Balance Sheet as at October 31, 2020 The adjusted trial balance of Chicken Noodles includes the following accounts at 31 October 2020 Cash Account Receivable Stationery Prepaid Rent Office Equipment Accumulated Depreciation - Office Equipment Account Payable Unearned Design Revenue Wages Payable Capital Drawings Service Revenue Wages Expense Office Supplies Expenses Rent Expenses Depreciation Expense - Office Equipment Utilities Expense TOTAL 22,480 5,000 3,660 1,600 16,320 2,800 5,520 1,540 1,600 300 680 $61,500 300 6,280 600 720 40,000 13,600 $61,500 1. Prepare an Income Statement for the month ended Ocotber 31, 2020 2. Prepare a Statement of Owner's Equity for the month ended October 31, 2020 3. Prepare a Statement of Financial Position or Balance Sheet as at October 31, 2020

Answer rating: 100% (QA)

QUESTION 1 Service Revenue 13600 This is the total revenue earned from providing services Expenses Wages Expense 5520 The total wages paid to employees during the month Office Supplies Expenses 1600 T... View the full answer