IVANHOE COMPANYWorksheet (partial)For the Month Ended April 30, 2020Adjusted TrialBalanceIncome StatementBalance SheetAccount TitlesDr.Cr.Dr.Cr.Dr.Cr.Cash11,100Accounts Receivable7,200Prepaid Rent2,200Equipment22,700Accumulated Depreciation-Equipment4,800Notes Payable5,600Accounts Payable4,500Owner's Capital28,200Owner's Drawings3,700Service Revenue16,000Salaries and Wages Expense10,800Rent Expense700Depreciation Expense700Interest Expense80Interest Payable80Totals59,18059,180Net IncomeTotalsClick if you would like to Show Work for this question: Open Show WorkLINK Τ ΤΕXTActivate Windows-Go to Settings to activate Windows.Question Attempts: UnlimitedSAVE FOR LATERSUBMIT ANSWER7:08 PMsearchW4/1/2021

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IVANHOE COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. 11,100 unts Receivable 7,200 id Rent 2,200 ment 22,700 mulated Depreciation-Equipment 4,800 = Payable 5,600 unts Payable 4,500 er's Capital 28,200 er's Drawings 3,700 ce Revenue 16,000 ies and Wages Expense Expense 10,800 700 eciation Expense 700 est Expense 80 est Payable 80 59,180 59,180 mcome

IVANHOE COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. 11,100 unts Receivable 7,200 id Rent 2,200 ment 22,700 mulated Depreciation-Equipment 4,800 = Payable 5,600 unts Payable 4,500 er's Capital 28,200 er's Drawings 3,700 ce Revenue 16,000 ies and Wages Expense Expense 10,800 700 eciation Expense 700 est Expense 80 est Payable 80 59,180 59,180 mcome

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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What is the Asset Turnover Ratio in 2020?
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