Part A LET'S DISCUSS Johnny Soong provides consultancy services to Health & Safety companies. His Trial Balance for the month ended September 30th, 2019 can be found below. Johnny Soong Trial Balance as at September 30 2019 Name of account Dr ($) Cr ($) Cash 12,950 Account Receivable |Office Supplies Furniture Accounts Payable |Johnny Soong, Capital |Johnny Soong, Withdrawals | Consulting Service Revenue Insurance expense Salaries expense Utilities expense Rent Expense 21,350 55,950 38,000 17,050 100,000 9,000 83,750 20,000 9,850 9,700 24,000 200,800 200,800 Required: 1. 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
Part A LET'S DISCUSS Johnny Soong provides consultancy services to Health & Safety companies. His Trial Balance for the month ended September 30th, 2019 can be found below. Johnny Soong Trial Balance as at September 30 2019 Name of account Dr ($) Cr ($) Cash 12,950 Account Receivable |Office Supplies Furniture Accounts Payable |Johnny Soong, Capital |Johnny Soong, Withdrawals | Consulting Service Revenue Insurance expense Salaries expense Utilities expense Rent Expense 21,350 55,950 38,000 17,050 100,000 9,000 83,750 20,000 9,850 9,700 24,000 200,800 200,800 Required: 1. 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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Could I get the answers for 1-3.
including examples.
Transcribed Image Text:Part A
LET'S
DISCUSS
Johnny Soong provides consultancy services to Health & Safety
companies. His Trial Balance for the month ended September 30th,
2019 can be found below.
Johnny Soong
Trial Balance
as at September 30 2019
Name of account
Dr ($)
Cr ($)
Cash
12,950
Account Receivable
|Office Supplies
Furniture
Accounts Payable
|Johnny Soong, Capital
|Johnny Soong, Withdrawals
| Consulting Service Revenue
Insurance expense
Salaries expense
Utilities expense
Rent Expense
21,350
55,950
38,000
17,050
100,000
9,000
83,750
20,000
9,850
9,700
24,000
200,800
200,800
Required:
1. 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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