From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet for the month of May of the current year.
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7/20/23, 1:02 PM CTU Portal: Accounting for Non-Accounting Majors ACC310
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Description
From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance
Sheet for the month of May of the current year.
Cash $12,000
Accounts Receivable 16,000
Supplies 350
Equipment 16,500
Notes Payable $13,000
Accounts Payable 12,000
S. Jones, Capital 18,000
S. Jones, Drawing 550
Service Revenue 6,000
Telephone Expense 350
Rent Expense 1,100
Advertising Expense 2,150
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Unit 2 – Individual Project (125 points) Due: Sun, Jun 25 | Printer Friendly Version
7/20/23, 1:02 PM CTU Portal: Accounting for Non-Accounting Majors ACC310
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$49,000 $49,000
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