From the trial balance you are to complete the three basic financial statements in the correct order (income, capital, and balance sheet). After completing the financial statements, you are to comment on how the company is doing. Required: Create the three financial statements from the trial balance below. Your name Trial Balance 31-Dec-19 Account Debit Credit Cash 86600 A/R 0 Furniture 810 Office Equipment 2000 A|P 810 Notes Payable 1900 Capital 80000 Fees Earned 8100 Rent Expense 1200 Utilities Expense 200 90810 90810 Create the financial statements using excel and a word document using the attachment given
From the trial balance you are to complete the three basic financial statements in the correct order (income, capital, and balance sheet). After completing the financial statements, you are to comment on how the company is doing. Required: Create the three financial statements from the trial balance below. Your name Trial Balance 31-Dec-19 Account Debit Credit Cash 86600 A/R 0 Furniture 810 Office Equipment 2000 A|P 810 Notes Payable 1900 Capital 80000 Fees Earned 8100 Rent Expense 1200 Utilities Expense 200 90810 90810 Create the financial statements using excel and a word document using the attachment given
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
From the
Required:
Create the three financial statements from the trial balance below.
Your name |
||||
Trial Balance |
||||
31-Dec-19 |
||||
Account |
Debit |
Credit |
||
Cash |
|
|
86600 |
|
A/R |
|
|
0 |
|
Furniture |
|
|
810 |
|
Office Equipment |
|
2000 |
|
|
A|P |
|
|
|
810 |
Notes Payable |
|
|
1900 |
|
Capital |
|
|
|
80000 |
Fees Earned |
|
|
8100 |
|
Rent Expense |
|
1200 |
|
|
Utilities Expense |
|
200 |
|
|
|
|
|
90810 |
90810 |
Create the financial statements using excel and a word document using the attachment given
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