The following account balances are for William Giese, Certified Public Accountant, as of April 30, 2019. Cash..........................................................................$60,000

Question:

The following account balances are for William Giese, Certified Public Accountant, as of April 30, 2019.
Cash..........................................................................$60,000
Accounts Receivable........................................................24,000
Maintenance Expense.........................................................9,200
Advertising Expense..........................................................7,780
Fees Earned......................................................................53,600
William Giese, Capital, April 1..................................................?
Salaries Expense.............................................................26,000
Machinery.......................................................................42,000
Accounts Payable...........................................................26,400
William Giese, Withdrawals for April..................................13,600
INSTRUCTIONS
Using the accounting equation form, determine the balance for William Giese, Capital, April 1, 2019. Prepare an income statement for the month of April, a statement of owner's equity, and a as of April 30, 2019. List the expenses on the income statement in alphabetical order. Analyze: What net change in owner's equity occurred during the month of April?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...