Name of account Dr ($) Cr ($) Cash 12,950 Account Receivable 21,350 Office Supplies 55,950 Furniture 38,000 Accounts Payable 17,050 Johnny Soong, Capital 100,000 Johnny Soong, Withdrawals 9,000 Consulting Service Revenue 83,750 Insurance expense 20,000 Salaries expense 9,850 Utilities expense 9,700 Rent Expense 24,000 200,800 200,800 Johnny Soong provides consultancy services to Health & Safety companies. His Trial Balance for the month ended September 30th, 2019 can be found above. Prepare the company’s Income Statement for the month ended September 30, 2019 2. Prepare the company’s Statement of Owner’s Equity for the month ended September 30, 2019 3. Prepare the company’s Balance Sheet as at September 30th, 2019
Name of account Dr ($) Cr ($) Cash 12,950 Account Receivable 21,350 Office Supplies 55,950 Furniture 38,000 Accounts Payable 17,050 Johnny Soong, Capital 100,000 Johnny Soong, Withdrawals 9,000 Consulting Service Revenue 83,750 Insurance expense 20,000 Salaries expense 9,850 Utilities expense 9,700 Rent Expense 24,000 200,800 200,800 Johnny Soong provides consultancy services to Health & Safety companies. His Trial Balance for the month ended September 30th, 2019 can be found above. Prepare the company’s Income Statement for the month ended September 30, 2019 2. Prepare the company’s Statement of Owner’s Equity for the month ended September 30, 2019 3. Prepare the company’s Balance Sheet as at September 30th, 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| Name of account | Dr ($) | Cr ($) |
| Cash | 12,950 | |
| Account Receivable | 21,350 | |
| Office Supplies | 55,950 | |
| Furniture | 38,000 | |
| Accounts Payable | 17,050 | |
|
Johnny Soong, Capital |
100,000 | |
| Johnny Soong, Withdrawals | 9,000 | |
| Consulting Service Revenue | 83,750 | |
| Insurance expense | 20,000 | |
| Salaries expense | 9,850 | |
| Utilities expense | 9,700 | |
| Rent Expense | 24,000 | |
|
200,800 |
200,800 |
Johnny Soong provides consultancy services to Health & Safety companies. His
- Prepare the company’s Income Statement for the month ended September 30, 2019
2. Prepare the company’s Statement of Owner’s Equity for the month ended September 30, 2019
3. Prepare the company’s Balance Sheet as at September 30th, 2019
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