18. Using the following information, complete the income statement, statement of owner's equity, and balance sheet for AA Painting for the month of March 2018. The business began operations on March 1, 2018. E (Click the icon to view the account balances.) Begin by preparing the income statement for AA Painting for the month of March 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Data Table Accounts Receivable %24 1,100 Salaries Expense 1,600 Accounts Payable 700 Service Revenue 5,500 Cash 24,000 Office Supplies 2,300 Owner contribution during March 43,000 Truck 16,420 Owner withdrawal during March 3,500 Utilities Expense 280 Richardson, Capital, March 1, 2018 Net Income Print Done Now prepare the statement of owner's equity for AA Painting for the month of March 2018. (Enter a "0" for any zero balances.) Raymond, Capital, March 1, 2018 Choose from any list or enter any number in the input fields and then continue to the next question.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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18. Using the following information, complete the income statement, statement of owner's equity, and balance sheet for AA Painting for the month of March 2018. The business began operations on March 1, 2018.
(Click the icon to view the account balances.)
Begin by preparing the income statement for AA Painting for the month of March 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.)
Data Table
Accounts Receivable
1,100
Salaries Expense
$
1,600
Accounts Payable
700
Service Revenue
5,500
Cash
24,000
Office Supplies
2,300
Owner contribution during March
43,000
Truck
16,420
Owner withdrawal during March
3,500
Utilities Expense
280
Richardson, Capital, March 1, 2018
Net Income
Print
Done
Now prepare the statement of owner's equity for AA Painting for the month of March 2018. (Enter a "0" for any zero balances.)
Raymond, Capital, March 1, 2018
Choose from any list or enter any number in the input fields and then continue to the next question.
%24
Transcribed Image Text:18. Using the following information, complete the income statement, statement of owner's equity, and balance sheet for AA Painting for the month of March 2018. The business began operations on March 1, 2018. (Click the icon to view the account balances.) Begin by preparing the income statement for AA Painting for the month of March 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Data Table Accounts Receivable 1,100 Salaries Expense $ 1,600 Accounts Payable 700 Service Revenue 5,500 Cash 24,000 Office Supplies 2,300 Owner contribution during March 43,000 Truck 16,420 Owner withdrawal during March 3,500 Utilities Expense 280 Richardson, Capital, March 1, 2018 Net Income Print Done Now prepare the statement of owner's equity for AA Painting for the month of March 2018. (Enter a "0" for any zero balances.) Raymond, Capital, March 1, 2018 Choose from any list or enter any number in the input fields and then continue to the next question. %24
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