Debit Credit Account Title Account No. Balance Balance Cash 101 10,021.00 Office Supplies 142 300.00 Office Equipment 181 1,500.00 Accounts Payable 202 1,600.00 Annette Creighton, Capital 311 10,000.00 Annette Creighton, Drawing 312 100.00 Consulting Fees 401 1,860.00 Wages Expense 511 720.00 Advertising Expense 512 26.00 Rent Expense 521 500.00 Phone Expense 525 42.00 Transportation Expense 526 185.00 Utilities Expense 533 38.00 Miscellaneous Expense 549 28.00 13,460.00 13,460.00 Required: 1. Prepare an income statement.
Debit Credit Account Title Account No. Balance Balance Cash 101 10,021.00 Office Supplies 142 300.00 Office Equipment 181 1,500.00 Accounts Payable 202 1,600.00 Annette Creighton, Capital 311 10,000.00 Annette Creighton, Drawing 312 100.00 Consulting Fees 401 1,860.00 Wages Expense 511 720.00 Advertising Expense 512 26.00 Rent Expense 521 500.00 Phone Expense 525 42.00 Transportation Expense 526 185.00 Utilities Expense 533 38.00 Miscellaneous Expense 549 28.00 13,460.00 13,460.00 Required: 1. Prepare an income statement.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 2PA
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