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3. The ledger of Emily Stokaluk as at March 31, 20- is given below. Accounts Receivable Bank Supplies 10 100 8 300 950 Land Building Equipment 22 000 235 000 210 000 Automobiles Accounts Payable Bank Loan 24 000 2 800 10 000 E. Stokaluk, Drawings 15 000 Mortgage Payable E. Stokaluk, Capital 175 000 252 088 Fees Earned Interest Earned Advertising Expense 132 500 I 000 I 200 Building Maintenance Bank Charges Expense Expense Gas and Oil Expense 350 420 I 800 Utilities Expense Miscellaneous Expense Car Repair Expense 1 640 128 850 Wages Expense 41 650 A. Prepare a trial balance in your Workbook. B. Prepare a chart of accounts based on the three-digit numbering system shown on page 139. C. Prepare a simple income statement for the month of March.

3. The ledger of Emily Stokaluk as at March 31, 20- is given below. Accounts Receivable Bank Supplies 10 100 8 300 950 Land Building Equipment 22 000 235 000 210 000 Automobiles Accounts Payable Bank Loan 24 000 2 800 10 000 E. Stokaluk, Drawings 15 000 Mortgage Payable E. Stokaluk, Capital 175 000 252 088 Fees Earned Interest Earned Advertising Expense 132 500 I 000 I 200 Building Maintenance Bank Charges Expense Expense Gas and Oil Expense 350 420 I 800 Utilities Expense Miscellaneous Expense Car Repair Expense 1 640 128 850 Wages Expense 41 650 A. Prepare a trial balance in your Workbook. B. Prepare a chart of accounts based on the three-digit numbering system shown on page 139. C. Prepare a simple income statement for the month of March.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. The ledger of Emily Stokaluk as at March 31, 20- is given below. Accounts Receivable Bank Supplies 10 100 8 300 950 Land Building Equipment 22 000 235 000 210 000 Automobiles Accounts Payable Bank Loan 24 000 2 800 10 000 Mortgage Payable E. Stokaluk, Drawings 15 000 E. Stokaluk, Capital 175 000 252 088 Fees Earned Interest Earned Advertising Expense 132 500 I 000 I 200 Building Maintenance Bank Charges Expense Expense Gas and Oil Expense 350 420 I 800 Utilities Expense Miscellaneous Expense Car Repair Expense 1 640 128 850 Wages Expense 41 650 A. Prepare a trial balance in your Workbook. B. Prepare a chart of accounts based on the three-digit numbering system shown on page 139. C. Prepare a simple income statement for the month of March.
Transcribed Image Text:3. The ledger of Emily Stokaluk as at March 31, 20- is given below. Accounts Receivable Bank Supplies 10 100 8 300 950 Land Building Equipment 22 000 235 000 210 000 Automobiles Accounts Payable Bank Loan 24 000 2 800 10 000 Mortgage Payable E. Stokaluk, Drawings 15 000 E. Stokaluk, Capital 175 000 252 088 Fees Earned Interest Earned Advertising Expense 132 500 I 000 I 200 Building Maintenance Bank Charges Expense Expense Gas and Oil Expense 350 420 I 800 Utilities Expense Miscellaneous Expense Car Repair Expense 1 640 128 850 Wages Expense 41 650 A. Prepare a trial balance in your Workbook. B. Prepare a chart of accounts based on the three-digit numbering system shown on page 139. C. Prepare a simple income statement for the month of March.
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