structions 12 Mary Adams, Drawing 2,200.00 13 Service Fees 4,813.00 14 Wages Expense 1,080.00 15 Advertising Expense 36.00 16 Rent Expense 800.00 17 Supplies Expense 323.00 18 Phone Expense 134.00 19 Utilities Expense 103.00 20 Insurance Expense 120.00 21 Gas and Oil Expense 87.00 22 Depreciation Expense-Office Equipment 100.00 23 Miscellaneous Expense 97.00 24 2,880.00 4,813.00 10,153.00 8, 25 Net Income 1,933.00 1,9 26 $4,813.00 $4,813.00 $10,153.00 $10.
structions 12 Mary Adams, Drawing 2,200.00 13 Service Fees 4,813.00 14 Wages Expense 1,080.00 15 Advertising Expense 36.00 16 Rent Expense 800.00 17 Supplies Expense 323.00 18 Phone Expense 134.00 19 Utilities Expense 103.00 20 Insurance Expense 120.00 21 Gas and Oil Expense 87.00 22 Depreciation Expense-Office Equipment 100.00 23 Miscellaneous Expense 97.00 24 2,880.00 4,813.00 10,153.00 8, 25 Net Income 1,933.00 1,9 26 $4,813.00 $4,813.00 $10,153.00 $10.
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2SEB: ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1B, compute the...
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Can someone use this to make an example of how to create an income statement pls?

Transcribed Image Text:Falance Sheet
Instructions
Labels and Amount Descriptions
Balance Sheet
Instructions
12 Mary Adams, Drawing
2,200.00
13 Service Fees
4,813.00
14 Wages Expense
1,080.00
15 Advertising Expense
36.00
16 Rent Expense
800.00
17 Supplies Expense
323.00
18 Phone Expense
134.00
19 Utilities Expense
103.00
20 Insurance Expense
120.00
21 Gas and Oil Expense
87.00
22 Depreciation Expense-Office Equipment
100.00
23 Miscellaneous Expense
97.00
24
2,880.00
4,813.00
10,153.00
8,220.00
25 Net Income
1,933.00
1,933.00
26
$4,813.00
$4,813.00
$10,153.00
$10,153.00

Transcribed Image Text:alance Sheet
Instructions
Labels and Amount Descriptions
Balance Sheet
nstructions
Adams' Shoe Shine
Work Sheet (Partial)
For Month Ended June 30, 20--
INCOME
INCOME
1
BALANCE SHEET
BALANCE SHEET
STATEMENT
STATEMENT
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
3 Cash
3,269.00
4 Accounts Receivable
1,244.00
5 Supplies
800.00
6 Prepaid Insurance
640.00
7 Office Equipment
2,000.00
8 Accumulated Depreciation-Office Equipment
100.00
9 Accounts Payable
1,860.00
10 Wages Payable
260.00
11 Mary Adams, Capital
6,000.00
Previous
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