66 ow.com/ilrn/takeAssignment/takeAssignment Main.do?inprogress-true Van Kohl's Home Repair Trial Balance May 31, 20-- Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Account Totals Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees Rent Expense Wages Expense Phone Expense 4 Gas and Oil Expense Debit Credit Balance Balance 21,180 3,200 300 900 7,000 8,000 3,000 800 800 200 120 4,000 30,000 11,500 45,500 45,500 Change in owner's equity: Wilhelm Kohl's original investment in the business + Net Income for the month - Owner's drawing Increase (decrease) In capital = Ending owner's equity Required: $9,580 3,000 $30,000 6,580 $36,580 All work saved.
66 ow.com/ilrn/takeAssignment/takeAssignment Main.do?inprogress-true Van Kohl's Home Repair Trial Balance May 31, 20-- Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Account Totals Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees Rent Expense Wages Expense Phone Expense 4 Gas and Oil Expense Debit Credit Balance Balance 21,180 3,200 300 900 7,000 8,000 3,000 800 800 200 120 4,000 30,000 11,500 45,500 45,500 Change in owner's equity: Wilhelm Kohl's original investment in the business + Net Income for the month - Owner's drawing Increase (decrease) In capital = Ending owner's equity Required: $9,580 3,000 $30,000 6,580 $36,580 All work saved.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter15: Preparing Adjusting Entries And A Trial Balance
Section15.1: Planning Adjusting Entries
Problem 1OYO
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