Total 341000 341000 3745800 3745800 A. Check the accuracy of the net income/ net loss in the Income Statement and Balance Sheet Columns by calculating the net income or net loss for the period. B. Prepare the correct worksheet (Excel) and the Income Statement of the Drilon's Delivery Services. Observe the proper format and procedure in preparing the Income Statement.
Total 341000 341000 3745800 3745800 A. Check the accuracy of the net income/ net loss in the Income Statement and Balance Sheet Columns by calculating the net income or net loss for the period. B. Prepare the correct worksheet (Excel) and the Income Statement of the Drilon's Delivery Services. Observe the proper format and procedure in preparing the Income Statement.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:A
Total
3077200
JUTTZUO
341000
3080001
3742500
3743500
Net Income/Net
33000
3300
Loss
Total
341000 341000
3745800
3745800
A. Check the accuracy of the net income/ net loss in the Income Statement and Balance Sheet Columns by calculating the net income or
net loss for the period.
B. Prepare the correct worksheet (Excel) and the Income Statement of the Drilon's Delivery Services. Observe the proper format and
procedure in preparing the Income Statement.
Dwina Qur account name
Autohave
2.
TLE SA4 - Saved
Search
Jasmin AMPARO A
Fie Home insert Page Layout Formulas Data Review View Help
Acrobat
Share
General
EPP
Σ'18
Calibri
280
LO
-11-AA 第三
=== . Whap Text
&-A-FEDE
E
Paste
a
Sort & Find &
BIL-
W
Merge & Center -
$-% 92
0.
IN
d
Clipboard
Conditional Forest C
Formatting Table Style
Styles
Filter - Select-
Eating
1
P
Number
19
S
F
G
1
H
}
M
E
R
TIE
N
A
Q
1
2
3
4
9
10
11
12
13
14
15
16
17
18
19
20
Y
BIU A AIX, EE 12pt
5
6
7
8
▼
B
Font
C
D
6
K
▼
Insert-
Delete
format-
Cels
O
P
Paragraph
ideas
Jonas
5
Comments
Sentury
T
Transcribed Image Text:The following is the six-column worksheet of the Drilon's Delivery Services prepared with errors. Analyze the given worksheet of the Drilon's Delivery Services for
əril 2022. Answer the questions that follows
Drilon's Delivery Services
Worksheet
For the month Ended April 30, 2021
Acct
No.
Particulars
Trial Balance
Balance Sheet
101
Cash on Hand
105
Cash in Bank
Accounts
110
Receivable- Sheila
Ocampo
Accounts
115
Receivable- Diether
Mendoza
120
Office Equipment
Delivery
125
Equipment
Accounts Payable-
201
David Carreal
Accounts Payable-
205
Ronald Amparo
Cecille Drilon,
301
Capital
Cecille Drilon,
302
Drawings
401
Delivery Revenue
501
Delivery Expense
Maintenance
505
Expense
510
Rent Expense
515 Utilities Expense
Total
Net Income/Net
Loss
Total
Dr
1112500
1200000
145500
42000
300050
20000
58000
7000
60450
70000
11500
3077200
Cr
Income Statement
Dr
Cr
14000
165000
2540000
308000
7000
60450
70000
11500
3077200 341000
341000
308000
308000
33000
341000
Dr
1112500
1200000
145500
42000
300050
20000
14000
3742500
3300
3745800
Cr
165000
2540000
58000
3745800
3745800
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education