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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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