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The Bike Doctor UNADJUSTED TRIAL BALANCE October 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 14,539.00 2 Bicycle Parts 2,000.00 3 Office Supplies 250.00 4 Accounts Payable 2,100.00 5 Sengel Moon, Capital 15,000.00 6 Sengel Moon, Drawing 50.00 7 Repair Fees 740.00 * Wages Expense 600.00 9 Rent Expense 300.00 10 Phone Expense 38.00 11 Utilities Expense 48.00 12 Miscellaneous Expense 15.00 13 Totals 17,840.00 17,840.00 Required: 1. Prepare an income statement 2. Prepare a statement of owner's equity 3. Prepare a balance sheet.

The Bike Doctor UNADJUSTED TRIAL BALANCE October 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 14,539.00 2 Bicycle Parts 2,000.00 3 Office Supplies 250.00 4 Accounts Payable 2,100.00 5 Sengel Moon, Capital 15,000.00 6 Sengel Moon, Drawing 50.00 7 Repair Fees 740.00 * Wages Expense 600.00 9 Rent Expense 300.00 10 Phone Expense 38.00 11 Utilities Expense 48.00 12 Miscellaneous Expense 15.00 13 Totals 17,840.00 17,840.00 Required: 1. Prepare an income statement 2. Prepare a statement of owner's equity 3. Prepare a 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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The Bike Doctor UNADJUSTED TRIAL BALANCE October 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 14,539.00 2 Bicycle Parts 2,000.00 3 Office Supplies 250.00 4 Accounts Payable 2,100.00 5 Sengel Moon, Capital 15,000.00 6 Sengel Moon, Drawing 50.00 7 Repair Fees 740.00 * Wages Expense 600.00 9 Rent Expense 300.00 10 Phone Expense 38.00 11 Utilities Expense 48.00 12 Miscellaneous Expense 15.00 13 Totals 17,840.00 17,840.00 Required: 1. Prepare an income statement 2. Prepare a statement of owner's equity 3. Prepare a balance sheet.
Transcribed Image Text:The Bike Doctor UNADJUSTED TRIAL BALANCE October 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 14,539.00 2 Bicycle Parts 2,000.00 3 Office Supplies 250.00 4 Accounts Payable 2,100.00 5 Sengel Moon, Capital 15,000.00 6 Sengel Moon, Drawing 50.00 7 Repair Fees 740.00 * Wages Expense 600.00 9 Rent Expense 300.00 10 Phone Expense 38.00 11 Utilities Expense 48.00 12 Miscellaneous Expense 15.00 13 Totals 17,840.00 17,840.00 Required: 1. Prepare an income statement 2. Prepare a statement of owner's equity 3. Prepare a balance sheet.
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