Your manager has asked that you create the monthly financial statements for ABC Company. They gave you the following account numbers for June 31, 2018. Accounts Payable 3000 Cash 26,000 Owner’s Capital 15,000 Advertising Expense 3,000 Sales Revenue 40,000 Office Supplies 1,500 Wages Expense 10,000 Notes Payable 6000 Rent Expense 5,000 Office Equipment 4,000 Accounts Receivable 12,000 Owner’s Withdrawals 2,500 create the: Income Statement Balance Sheet Statement of Owner’s Equity. In addition to using the accounts above, be sure to use proper format. Check your work! A Balance Sheet total of $43,500 will mean you have completed all transactions perfectly
Your manager has asked that you create the monthly financial statements for ABC Company. They gave you the following account numbers for June 31, 2018. Accounts Payable 3000 Cash 26,000 Owner’s Capital 15,000 Advertising Expense 3,000 Sales Revenue 40,000 Office Supplies 1,500 Wages Expense 10,000 Notes Payable 6000 Rent Expense 5,000 Office Equipment 4,000 Accounts Receivable 12,000 Owner’s Withdrawals 2,500 create the: Income Statement Balance Sheet Statement of Owner’s Equity. In addition to using the accounts above, be sure to use proper format. Check your work! A Balance Sheet total of $43,500 will mean you have completed all transactions perfectly
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 7E: FedEx Corporation had the following revenue and expense account balances (in millions) for a recent...
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Your manager has asked that you create the monthly financial statements for ABC Company. They gave you the following account numbers for June 31, 2018.
Accounts Payable 3000
Cash 26,000
Owner’s Capital 15,000
Advertising Expense 3,000
Sales Revenue 40,000
Office Supplies 1,500
Wages Expense 10,000
Notes Payable 6000
Rent Expense 5,000
Office Equipment 4,000
Owner’s Withdrawals 2,500
create the:
Income Statement
Statement of Owner’s Equity.
In addition to using the accounts above, be sure to use proper format.
Check your work! A Balance Sheet total of $43,500 will mean you have completed all transactions perfectly
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