2. Complete the income statement and balance sheet portions of the worksheet below, including the total columns. GOMEZ COMPANY Partial Worksheet Month ending April 30, 2017 Adjusted Trial Bal. Balance Sheet Income Statement Dr. Account Title Dr. Cr. Cr. Dr. Cr. 11,400 7,000 2,000 20,000 Cash Accounts Receivable Prepaid Rent Equipment Accum. Depreciation - Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 4,700 5,000 4,950 25,800 3,500 Service Revenue 14,000 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense 9,450 500 600 50 Interest Payable 50 TOTALS 54,500 54,500
2. Complete the income statement and balance sheet portions of the worksheet below, including the total columns. GOMEZ COMPANY Partial Worksheet Month ending April 30, 2017 Adjusted Trial Bal. Balance Sheet Income Statement Dr. Account Title Dr. Cr. Cr. Dr. Cr. 11,400 7,000 2,000 20,000 Cash Accounts Receivable Prepaid Rent Equipment Accum. Depreciation - Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 4,700 5,000 4,950 25,800 3,500 Service Revenue 14,000 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense 9,450 500 600 50 Interest Payable 50 TOTALS 54,500 54,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please find a way to solve this without adding another account such as

Transcribed Image Text:2. Complete the income statement and balance sheet portions of the worksheet below, including
the total columns.
GOMEZ COMPANY
Partial Worksheet
Month ending April 30, 2017
Adjusted Trial Bal.
Income Statement
Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,000
2,000
20,000
Prepaid Rent
Equipment
Accum. Depreciation -
Equipment
Notes Payable
Accounts Payable
Owner's Capital
Owner's Drawings
4,700
5,000
4,950
25,800
3,500
Service Revenue
14,000
Salaries and Wages Expense
Rent Expense
Depreciation Expense
Interest Expense
Interest Payable
9,450
500
600
50
50
TOTALS
54,500
54,500
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