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Andery Advising Work Sheet (Partal) For Month Ended January31, 20 -- O ODY 1 Cash 2 Acounts Receivable 3 Supplies 4 Prepaid Insurance Soffice Equipment 6 Accum. Depc--Otfice Equipment 7 Acounts Payable 8 Wages Payable 9 Notes Payable 241200 6 00 2 48200 0 0 00 3000 00 4. 200000 6 2190 00 7 120000 8 300000 9 220000 10 10 Sam Ardery Capital 11 Sam Ardery, Drawing 12 Advbing Fees 13 Wages Expense 14 Advertising Expense 15 Rent Expense 16 Supplies Expense 80000 11 380200 12 180000 13 O 00 1500 00 120 00 14 15 16 17 Phone Expense 18 Blectricity Expense 19 Insurane Expense 20 Gasand Ol Expense 21 Depc. Expense-ofice Equipment 22 Miscellaneous Expense 300 00 17 4400 18 200 00 3800 0 00 00 S00 00 5902 00 19 20 21 22 23 380200 849000 105 90 00 23 24 NetLoss 21000 210000 24 28 5902 00 5902 00 10 5 9 0 00 10 5 9 0 00 25

Andery Advising Work Sheet (Partal) For Month Ended January31, 20 -- O ODY 1 Cash 2 Acounts Receivable 3 Supplies 4 Prepaid Insurance Soffice Equipment 6 Accum. Depc--Otfice Equipment 7 Acounts Payable 8 Wages Payable 9 Notes Payable 241200 6 00 2 48200 0 0 00 3000 00 4. 200000 6 2190 00 7 120000 8 300000 9 220000 10 10 Sam Ardery Capital 11 Sam Ardery, Drawing 12 Advbing Fees 13 Wages Expense 14 Advertising Expense 15 Rent Expense 16 Supplies Expense 80000 11 380200 12 180000 13 O 00 1500 00 120 00 14 15 16 17 Phone Expense 18 Blectricity Expense 19 Insurane Expense 20 Gasand Ol Expense 21 Depc. Expense-ofice Equipment 22 Miscellaneous Expense 300 00 17 4400 18 200 00 3800 0 00 00 S00 00 5902 00 19 20 21 22 23 380200 849000 105 90 00 23 24 NetLoss 21000 210000 24 28 5902 00 5902 00 10 5 9 0 00 10 5 9 0 00 25

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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CHALLENGE PROBLEM

This problem challenges you to apply your cumulative accounting
knowledge to move a step beyond the material in the chapter.
Provided below is a partial work sheet for Ardery Advising.

 

REQUIRED

During January, Ardery made an additional investment of $1,200.
Prepare an income statement, statement of owners equity, and balance
sheet for Ardery Advising.

Andery Advising Work Sheet (Partal) For Month Ended January31, 20 -- O ODY 1 Cash 2 Acounts Receivable 3 Supplies 4 Prepaid Insurance Soffice Equipment 6 Accum. Depc--Otfice Equipment 7 Acounts Payable 8 Wages Payable 9 Notes Payable 241200 6 00 2 48200 0 0 00 3000 00 4. 200000 6 2190 00 7 120000 8 300000 9 220000 10 10 Sam Ardery Capital 11 Sam Ardery, Drawing 12 Advbing Fees 13 Wages Expense 14 Advertising Expense 15 Rent Expense 16 Supplies Expense 80000 11 380200 12 180000 13 O 00 1500 00 120 00 14 15 16 17 Phone Expense 18 Blectricity Expense 19 Insurane Expense 20 Gasand Ol Expense 21 Depc. Expense-ofice Equipment 22 Miscellaneous Expense 300 00 17 4400 18 200 00 3800 0 00 00 S00 00 5902 00 19 20 21 22 23 380200 849000 105 90 00 23 24 NetLoss 21000 210000 24 28 5902 00 5902 00 10 5 9 0 00 10 5 9 0 00 25
Transcribed Image Text:Andery Advising Work Sheet (Partal) For Month Ended January31, 20 -- O ODY 1 Cash 2 Acounts Receivable 3 Supplies 4 Prepaid Insurance Soffice Equipment 6 Accum. Depc--Otfice Equipment 7 Acounts Payable 8 Wages Payable 9 Notes Payable 241200 6 00 2 48200 0 0 00 3000 00 4. 200000 6 2190 00 7 120000 8 300000 9 220000 10 10 Sam Ardery Capital 11 Sam Ardery, Drawing 12 Advbing Fees 13 Wages Expense 14 Advertising Expense 15 Rent Expense 16 Supplies Expense 80000 11 380200 12 180000 13 O 00 1500 00 120 00 14 15 16 17 Phone Expense 18 Blectricity Expense 19 Insurane Expense 20 Gasand Ol Expense 21 Depc. Expense-ofice Equipment 22 Miscellaneous Expense 300 00 17 4400 18 200 00 3800 0 00 00 S00 00 5902 00 19 20 21 22 23 380200 849000 105 90 00 23 24 NetLoss 21000 210000 24 28 5902 00 5902 00 10 5 9 0 00 10 5 9 0 00 25
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