Ajunior hookkeeper aff Adams liticdl. prepanedi the føllowing imcomeatt financial statementis att theendlaffits ffrst monthaffaperations.Adams ittdl.Income StatementFar tite Month Ended Jamuany 30, 2015Seruice Revemue$3,335ExpensasAccaunts Payaibileland1,000335Miscelaneous Expenses1,635Natt Income$1,7000Balance SiteetAssettsliczibilitfes and EquityCasth$1,000$300Repairs ExpenseæSalanies ExpenseBuildingRent ExpenseStare CapitalRetainedi EanningsS001,7001,0002,500$5,000$5,000Requiredt: Phepane a conneatierd income statement, statiement off attanges im equity, andi balancestheet.

Here in this question, we are required to prepare income statement, statement of changes in equity…

Ajjumiar bockkeeper aff Adams litdl. prepanedi the foilowing inaonmectt ffinancial statements att tite endi affits ffrstt manth aff aperations. Adams itti. Iincome Statement Far the Manth Endiedi Jamuary 30, 200S $3,335 Sienuice Revemue Eegenses Accaunts Payabie $300 landi 1,000 Miscellanecus Expenses 335 1,535 Nett Incame Balance Sheet Assetts licatbilitfes and Equity $1,000 S00 Casth $300 Repairs Expense Salaries Expense Building Rent Expense Shane Capitail Retained Earmings 1,000 2,500 $5,000 1,70D $5,000 Requiredt: Prepane a connectied icame statement, statiement aff atanges im equity, andi balance stteet.

Ajjumiar bockkeeper aff Adams litdl. prepanedi the foilowing inaonmectt ffinancial statements att tite endi affits ffrstt manth aff aperations. Adams itti. Iincome Statement Far the Manth Endiedi Jamuary 30, 200S $3,335 Sienuice Revemue Eegenses Accaunts Payabie $300 landi 1,000 Miscellanecus Expenses 335 1,535 Nett Incame Balance Sheet Assetts licatbilitfes and Equity $1,000 S00 Casth $300 Repairs Expense Salaries Expense Building Rent Expense Shane Capitail Retained Earmings 1,000 2,500 $5,000 1,70D $5,000 Requiredt: Prepane a connectied icame statement, statiement aff atanges im equity, andi balance stteet.

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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Question

Ajunior hookkeeper aff Adams liticdl. prepanedi the føllowing imcomeatt financial statementis att the
endlaffits ffrst monthaffaperations.
Adams ittdl.
Income Statement
Far tite Month Ended Jamuany 30, 2015
Seruice Revemue
$3,335
Expensas
Accaunts Payaibile
land
1,000
335
Miscelaneous Expenses
1,635
Natt Income
$1,7000
Balance Siteet
Assetts
liczibilitfes and Equity
Casth
$1,000
$300
Repairs Expenseæ
Salanies Expense
Building
Rent Expense
Stare Capital
Retainedi Eannings
S00
1,700
1,000
2,500
$5,000
$5,000
Requiredt: Phepane a conneatierd income statement, statiement off attanges im equity, andi balance
stheet.

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