The following adjusted Trial Balance is for Surf California Company as of 7/31/20XX All revenues, expenses,...

  

 

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The following adjusted Trial Balance is for Surf California Company as of 7/31/20XX All revenues, expenses, and drawing are for the month of July 20xx. (Please note this Trial Balance will be used for problems on pages 1, 2, & 3) Surf California Company Adjusted Trial Balance July 31, 20xx Debit cct# Account 101 Cash 110 Accounts Receivable 20 Supplies 130 Equipment 201 Accounts Payable 210 Wages Payable 301 Kona, Capital 311 Kona, Drawing 400 Sales 505 Wage Expense 510 Supplies Expense 520 Advertising Expense 530 Rent Expense 540 Utility Expense Totals 2,300 1,200 650 3,900 800 1,700 1,300 200 800 300 13,150 Credit 950 450 4,050 7.700 13,150 Required: 1. Income statement 2. Statement of owner equity for the month of July, during July Kona contributed 1400 of capital which is included in the Kona, Capital Balance as 7/31/20xx 3. Prepare a balance sheet as of July 31,20xx 4. Prepare closing entries The following adjusted Trial Balance is for Surf California Company as of 7/31/20XX All revenues, expenses, and drawing are for the month of July 20xx. (Please note this Trial Balance will be used for problems on pages 1, 2, & 3) Surf California Company Adjusted Trial Balance July 31, 20xx Debit cct# Account 101 Cash 110 Accounts Receivable 20 Supplies 130 Equipment 201 Accounts Payable 210 Wages Payable 301 Kona, Capital 311 Kona, Drawing 400 Sales 505 Wage Expense 510 Supplies Expense 520 Advertising Expense 530 Rent Expense 540 Utility Expense Totals 2,300 1,200 650 3,900 800 1,700 1,300 200 800 300 13,150 Credit 950 450 4,050 7.700 13,150 Required: 1. Income statement 2. Statement of owner equity for the month of July, during July Kona contributed 1400 of capital which is included in the Kona, Capital Balance as 7/31/20xx 3. Prepare a balance sheet as of July 31,20xx 4. Prepare closing entries

Answer rating: 100% (QA)

1 Income Statement for the Month of July 20xx Sales Revenue 7700 Expenses Wage Expense 1700 Supplies ... View the full answer