Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant.Refer to the trial balance on August 31, 20-- for Jantz Plumbing Service: Jantz Plumbing ServiceUNADJUSTED TRIAL BALANCEAugust 31, 20-- ACCOUNT TITLEDEBITCREDIT1Cash20,200.00 2Accounts Receivable2,700.00 3Office Supplies300.00 4Prepaid Insurance800.00 5Plumbing Equipment6,000.00 6Van8,000.00 7Accounts Payable 4,500.008Sue Jantz, Capital 30,000.009Sue Jantz, Drawing3,000.00 10Service Fees 9,800.0011Rent Expense700.00 12Wages Expense500.00 13Phone Expense100.00 14Advertising Expense2,000.00 15Totals44,300.0044,300.00 Sue Jantz invested $30,000 of cash in the business and withdrew $3,000 of cash during the month.Required:1.Prepare an income statement for Jantz Plumbing Service for the month ended August 31, 20--. InstructionsLabels and Amount DescriptionsIncome StatementInstructionsIncome StatementLabels and Amount DescriptionsLabelsAugust 31, 20-ExpensesFor Month Ended August 31, 20--RevenueAmount DescriptionsDecrease in CapitalIncrease in CapitalInvestments During AugustNet IncomeNet LossSue Jantz, Capital, August 1, 20-Sue Jantz, Capital, August 31, 20-- InstructionsIncome StatementJantz Plumbing ServiceIncome StatementAugust 31, 20-1 Revenue:23 (Label)4567

Name: Sue Jantz started a business in August 20-- called Jantz Plumbing Serv
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Description: Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant.Refer to the trial balance on August 31, 20-- for Jantz Plumbing Service: Jantz Plumbing ServiceUNADJUST

The income statement is prepared to estimate the net profit or loss incurred during the period.

Business

Accounting

Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant. Refer to the trial balance on August 31, 20-- for Jantz Plumbing Service: Jantz Plumbing Service UNADJUSTED TRIAL BALANCE August 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 20,200.00 2 Accounts Receivable 2,700.00 3 Office Supplies 300.00 4 Prepaid Insurance 800.00 5 Plumbing Equipment 6,000.00 6 Van 8,000.00 7 Accounts Payable 4,500.00 8 Sue Jantz, Capital 30,000.00 9 Sue Jantz, Drawing 3,000.00 10 Service Fees 9,800.00 11 Rent Expense 700.00 12 Wages Expense 500.00 13 Phone Expense 100.00 14 Advertising Expense 2,000.00 15 Totals 44,300.00 44,300.0

Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant. Refer to the trial balance on August 31, 20-- for Jantz Plumbing Service: Jantz Plumbing Service UNADJUSTED TRIAL BALANCE August 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 20,200.00 2 Accounts Receivable 2,700.00 3 Office Supplies 300.00 4 Prepaid Insurance 800.00 5 Plumbing Equipment 6,000.00 6 Van 8,000.00 7 Accounts Payable 4,500.00 8 Sue Jantz, Capital 30,000.00 9 Sue Jantz, Drawing 3,000.00 10 Service Fees 9,800.00 11 Rent Expense 700.00 12 Wages Expense 500.00 13 Phone Expense 100.00 14 Advertising Expense 2,000.00 15 Totals 44,300.00 44,300.0

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.3.4MBA

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	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	20,200.00
2	Accounts Receivable	2,700.00
3	Office Supplies	300.00
4	Prepaid Insurance	800.00
5	Plumbing Equipment	6,000.00
6	Van	8,000.00
7	Accounts Payable		4,500.00
8	Sue Jantz, Capital		30,000.00
9	Sue Jantz, Drawing	3,000.00
10	Service Fees		9,800.00
11	Rent Expense	700.00
12	Wages Expense	500.00
13	Phone Expense	100.00
14	Advertising Expense	2,000.00
15	Totals	44,300.00	44,300.00

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