The trial balance as of July 31, 2017, for Shawna Sikes, Registered Dietician, is presented below:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The trial balance as of July 31, 2017, for Shawna Sikes, Registered Dietician, is presented below: Requirement 1. Prepare the income statement for the month ended July 31, 2017. Shawna Sikes, Registered Dleticlan Income Statement Month Ended July 31, 2017 Net Income Shawna Sikes, Registered Dietician Trial Balance July 31, 2017 Balance Account Title Debit Credit Cash 38,000 Accounts Receivable 8,800 Office Supplies 2,000 Prepaid Insurance 2,600 Equipment 17,000 Accounts Payable 2$ 2,600 Unearned Revenue 8,336 Notes Payable 26,000 Sikes, Capital 25,000 Sikes, Withdrawals 2,000 Service Revenue 11,964 Salaries Expense 2,100 Rent Expense 1,200 200 Utilities Expense $ 73,900 $ 73,900 Total The trial balance as of July 31, 2017, for Shawna Sikes, Registered Dietician, is presented below: Requirement 1. Prepare the income statement for the month ended July 31, 2017. Shawna Sikes, Registered Dleticlan Income Statement Month Ended July 31, 2017 Net Income Shawna Sikes, Registered Dietician Trial Balance July 31, 2017 Balance Account Title Debit Credit Cash 38,000 Accounts Receivable 8,800 Office Supplies 2,000 Prepaid Insurance 2,600 Equipment 17,000 Accounts Payable 2$ 2,600 Unearned Revenue 8,336 Notes Payable 26,000 Sikes, Capital 25,000 Sikes, Withdrawals 2,000 Service Revenue 11,964 Salaries Expense 2,100 Rent Expense 1,200 200 Utilities Expense $ 73,900 $ 73,900 Total
Expert Answer:
Answer rating: 100% (QA)
Shawna sikes Reistered Dietician Income Statement M... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
Below is Schilling Equipment Repairs adjusted trial balance as of November 30. Schilling prepares financial statements monthly. In this question, you will prepare an income statement and retained...
-
The trial balance as of July 31, 2018, for Sara Simon, Registered Dietician, is presented below: Requirements 1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the...
-
The trial balance as of July 31, 2018, for Sheila Sanchez, Registered Dietician, is presented below: Requirements 1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the...
-
Jimmy and Elizabeth plan on getting married on the 15th of August. Elizabeth decides that she would prefer to have the reception in her backyard, so she rents an event tent from CELEBRATE Ltd, a firm...
-
The decline in union membership among American workers has been fairly steady for a number of years. In 2010, union membership was reported to be 11.9% (source: US Bureau of Labor Statistics). In a...
-
On December 31, 2015, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: a. The supplies account balance on December 31 is $6,100....
-
Consider the model \[ y=\theta_{1}-\theta_{2} e^{-\theta_{3} x}+\varepsilon \] This is called the Mitcherlich equation, and it is often used in chemical engineering. For example, \(y\) may be yield...
-
You have $40,000 to invest in Sophie Shoes, a stock selling for $80 a share. The initial margin requirement is 60 percent. Ignoring taxes and commissions, show in detail the impact on your rate of...
-
A stock price is currently trading at $100. Over the next two 6 month periods it will be with up 10% or down 10%. The risk-free interest rate is 8% per annum with continous compunding. What is the...
-
The file HotelAway contains the average room price (in US$) paid by various nationalities while traveling abroad (away from their home country) in 2016: 124 101 115 126 114 112 138 85 138 96 130 116...
-
Discuss other current accounting topics that you believe will be relevant in the next 5-10 years. What other current topics do you feel will impact the accounting profession in the next 5-10 years?...
-
How many Rigas-related parties were in executive leadership roles at Adelphia?
-
What is meant by a conflict of interest?
-
For how many years was John Rigas sentenced to prison?
-
When did the oil-for-food program end?
-
What are the five classifications of financial statement fraud?
-
Question 11 Not yet answered Work in Process (Beginning) Started into Production Total The blending department in Golden Wheat Company. The company uses FIFO costing and have the following in...
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
Custom Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on...
-
American Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($8,000), depreciation on office furniture ($1,800), utilities ($2,200), special telephone lines...
-
Refer to Exercises El9-19 and E19-20. Controller Michael Bender is surprised by the increase in cost of the deluxe model under ABC. Market research shows that for the deluxe rim to provide a...
-
Two samples of ideal gas, sample 1 and sample 2, have the same thermal energy. Sample l has twice as many atoms as sample 2. What can we say about the temperatures of the two samples? A. T>T B. T = T...
-
Christina throws a javelin into the air. As she propels it forward from rest, she does 270 J of work on it. At its highest point, its gravitational potential energy has increased by 70 J. What is the...
-
A runner is moving at a constant speed on level ground. Chemical energy in the runner's body is being transformed into other forms of energy. Most of the chemical energy is transformed into A....
Study smarter with the SolutionInn App