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Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings ervice revenue tent expense -alaries expense -upplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119,075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $ $

Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings ervice revenue tent expense -alaries expense -upplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119,075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $ $

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.4MBA
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Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119.075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $
Transcribed Image Text:Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119.075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $
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