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Income Statement, Statement of Owners Equity, Balance Sheet

Income Statement, Statement of Owners Equity, Balance Sheet

FINANCIAL ACCOUNTING
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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Please help make a proper Chart of Accounts and Trial Balance for Lucky Lou’s Company for the month ending May 31, 2023:

Financial Statement         Account Name (in alphabetical order)      Balance 

Accounts Payable 1200- _________________

Accounts Receivable 3200- _________________

Accumulated Depreciation-Equip 1150- _________________

Accumulated Depreciation-F&F 890- _________________

Advertising Expense 400- _________________

Cash 2600- _________________

Depreciation Expense 650- _________________

Equipment 10000- _________________

Furniture and Fixtures 8400- _________________

Insurance Expense 700- _________________

Inventory 8720- _________________

LL, Capital 9300- _________________

LL, Drawing 1100- _________________

Notes Payable 20000- _________________

Prepaid Insurance 1500- _________________

Rent Expense 4000- _________________

Sales 23100- _________________

Supplies 300- _________________

Supplies Expense 180- _________________

Utilities Expense 2300- _________________

Wages Expense 12000- _________________

Wages Payable 410-

Financial Statements: Income Statement, Statement of Owners Equity, Balance Sheet

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