Accounts Neceivable No Credit office Equipment No Debit No Credit 595 Office Furniture Cash Salary expense No Debit INo Credit No Debit No Credit No Debit No Debit No Credit 50,000 e 200 1,484 n aas 1,250 BRO 2,575e 250 375 225 Bul Bul 1,250 Bul 880 750 Ral 070 Professional fees - Revenue No credit li Llewis, Cupitul No Debit No Credit 300 LLewis, Druwing No Debit No Credit k 1,200 No Debit 880 50,000 If 1,434 m R00 m 2,575 Bal 48,855 Bul 50,000 Bal S00 Bal 4,059 Accounts Payahle No Credit Rent exponse No Credit No Debit k No Debit UtNties expense Misc Expenses 200 b 1.250 1,200 No Debit No Credit No Debit No Credit 395 225 250 375 Aal 1,200 750 Bul 225 Bal 1,720 Ral 1,000
Accounts Neceivable No Credit office Equipment No Debit No Credit 595 Office Furniture Cash Salary expense No Debit INo Credit No Debit No Credit No Debit No Debit No Credit 50,000 e 200 1,484 n aas 1,250 BRO 2,575e 250 375 225 Bul Bul 1,250 Bul 880 750 Ral 070 Professional fees - Revenue No credit li Llewis, Cupitul No Debit No Credit 300 LLewis, Druwing No Debit No Credit k 1,200 No Debit 880 50,000 If 1,434 m R00 m 2,575 Bal 48,855 Bul 50,000 Bal S00 Bal 4,059 Accounts Payahle No Credit Rent exponse No Credit No Debit k No Debit UtNties expense Misc Expenses 200 b 1.250 1,200 No Debit No Credit No Debit No Credit 395 225 250 375 Aal 1,200 750 Bul 225 Bal 1,720 Ral 1,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Oh, I need help with the income statement and owner's equity statement. I have a detached my answers for it along with the income statement and owner's equity statement. That attachment is what I need filled out the other attachment is the answers to help you understand how to help me fill it out.
Transcribed Image Text:Office Equipment
No Debit No Credit
Office Furniture
No Debit
Cash
Accounts Receivuble
Salary expense
No
Debit No Credit
No Debit
1,484 n
No Debit
No Credit
No Credit
No Credit
50,000
200
595
1,250
RRO
li
2,575 e
250
375
225
Bal
599
Bal
1,250
Bal
880
750
Ral
070
L Lewis, Cupital
No Credit
Professional fees - Revenue
No redit
f
i
300
No Debit
No Debit
LLewis, Druwing
No Debit No Credit
k
1,200
880
50,000
1,434
R00
2,575
m
m
Bal
48,855
Bal
50,000
Bal
Bal
4,059
Accounts Payable
No Debit
Rent expense
No Credit
No Debit No Credit
k
Utilities expense
Misc Expenses
200 b
1,250
1,200
No Debit No Credit
No Debit
No Credit
395
225
250
375
Ral
1,200
h
750
Bul
225
Bal
1,720
Bal
1,000
Transcribed Image Text:B
D.
E
H.
K
L
1.
revenue and expenses ((part of Owner's Equity)
Income Statement
lude investents or withdrawals by owner
3 period = 1 month in this instance
4
5 Revenue:
7 Expenses:
8.
10
11
Total Expenses
13 Net Income (Loss)
12
14
15
16 comes from Income Statement
are Income Statement first)
17
Statement of Owner's Equity
18 period = 1 month in this instance
19
20 L.Lewis, beginning capital, January 1, 2021
21
22
23 Subtotal
24
25
26 L.Lewis, ending capital, January 31, 2021
27
28
29 ccounting equation (A-1+OE)
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