The following is the trial balance for Kevins Moving Co. of Dartmouth. Adjustment data to update trial
Question:
Adjustment data to update trial balance:
a. Insurance expired, $700
b. Moving supplies on hand, $900
c. Amortization on moving truck, $500 d. Wages earned but unpaid, $250
Required
1. Complete a work sheet for Kevins MovingCo. For the month of October.
2. Prepare an income statement for October, a statement of owners equity for October, and a balance sheet as of October 31, 2014.
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...
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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