Homework Help is Here – Start Your Trial Now!
Business
Accounting
2. From worksheet, prepare the Income Statement and Balance Sheet MAGNIFICENT LANDSCAPING SERVICE Worksheet April 30, 2018 Trial Balance Adjustments Adjusted Trial Income Statement Account Name Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 2,950 2,950 Accounts Receivable 575 575 Office Supplies 85 (c) 45 40 Prepaid Insurance 240 240 Equipment 2,540 (b) 40 2,500 Accounts 28 28 Payable Unearned Lawn Mowing Revenue 200 (d) 100 100 Common Stock 5,000 5,000 Dividends 1,000 1,000 2,250 Lawn Mowing Revenue (d) 100 2,350 Gas Expense 53 53 Advertising Expense 35 35 7,478 7,478 Depreciation Expense: Equipment (a) 35 35 Accumulated Depreciation: Equipment (a) 35 35 Supplies Expense (b) 40 (c) 45 85 Salaries Expense (e) 420 420 Salaries Payable (e) 420 420 640 640 2.933 7.933

2. From worksheet, prepare the Income Statement and Balance Sheet MAGNIFICENT LANDSCAPING SERVICE Worksheet April 30, 2018 Trial Balance Adjustments Adjusted Trial Income Statement Account Name Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 2,950 2,950 Accounts Receivable 575 575 Office Supplies 85 (c) 45 40 Prepaid Insurance 240 240 Equipment 2,540 (b) 40 2,500 Accounts 28 28 Payable Unearned Lawn Mowing Revenue 200 (d) 100 100 Common Stock 5,000 5,000 Dividends 1,000 1,000 2,250 Lawn Mowing Revenue (d) 100 2,350 Gas Expense 53 53 Advertising Expense 35 35 7,478 7,478 Depreciation Expense: Equipment (a) 35 35 Accumulated Depreciation: Equipment (a) 35 35 Supplies Expense (b) 40 (c) 45 85 Salaries Expense (e) 420 420 Salaries Payable (e) 420 420 640 640 2.933 7.933

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Can i get a solution of this question please?
2. From worksheet, prepare the Income Statement and Balance Sheet MAGNIFICENT LANDSCAPING SERVICE Worksheet April 30, 2018 Income Statement Account Name Trial Balance Adjustments Adjusted Trlal Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 2,950 2,950 Accounts Receivable 575 575 Office Supplies 85 (c) 45 40 Prepaid Insurance 240 240 Equipment 2,540 (b) 40 2,500 Accounts Payable 28 28 Unearned Lawn 200 (d) 100 100 Mowing Revenue Common Stock 5,000 5,000 Dividends 1,000 1,000 2,250 Lawn Mowing Revenue (d) 100 2,350 Gas Expense 53 53 Advertising Expense 35 35 7,478 7,478 Depreciation Expense: Equipment (a) 35 35 Accumulated Depreciation: Equipment (a) 35 35 Supplies Expense (b) 40 (c) 45 85 Salaries Expense (e) 420 420 Salaries Payable (e) 420 420 640 640 2.933 2.933
Transcribed Image Text:2. From worksheet, prepare the Income Statement and Balance Sheet MAGNIFICENT LANDSCAPING SERVICE Worksheet April 30, 2018 Income Statement Account Name Trial Balance Adjustments Adjusted Trlal Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 2,950 2,950 Accounts Receivable 575 575 Office Supplies 85 (c) 45 40 Prepaid Insurance 240 240 Equipment 2,540 (b) 40 2,500 Accounts Payable 28 28 Unearned Lawn 200 (d) 100 100 Mowing Revenue Common Stock 5,000 5,000 Dividends 1,000 1,000 2,250 Lawn Mowing Revenue (d) 100 2,350 Gas Expense 53 53 Advertising Expense 35 35 7,478 7,478 Depreciation Expense: Equipment (a) 35 35 Accumulated Depreciation: Equipment (a) 35 35 Supplies Expense (b) 40 (c) 45 85 Salaries Expense (e) 420 420 Salaries Payable (e) 420 420 640 640 2.933 2.933
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Valuing Decision
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS