Modine Consulting Statements

Modine Consulting Statements - Cash 7,700 Assets Supplies...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Rachel Tornberg Modine Consulting Income Statement For the Month Ended May 31, 2008 Service Revenue 9,000 Expenses: Salary Expense 3,840 Rent Expense 1,000 Supply Expense 500 Travel Expense 200 Insurance Expense 200 Depreciation Expense - Office Furn. 160 Total Expenses 5,900 Net Income 3,100 Modine Consulting Owner's Equity Statement For the Month Ended May 31, 2008 Capital May 1 0 Add: Investments 19,100 Net Income 3,100 Subtotal 22,200 Less: Drawings 0 Capital 5/31/08 22,200 Modine Consulting Balanc For the Month Ending Current Assets
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cash 7,700 Assets Supplies 5,000 Accounts Receivable 1,000 Prepaid Insurance 4,600 Total Current Assets 18,300 Property, Plant, Equipment Office Furniture 9,600 Less: Accum. Depreciation 160 9,440 Total Assets 27,740 Current Liabilities Accounts Payable 3,500 Unearned Service Rev 1,000 Travel Payable 200 Salary Payable 840 Total Current Liab. 5,540 Total Liabilities 5,540 Owner Capital 22,200 Total Liabilites & Capital 27,740 Creditor Equity Owner Equity...
View Full Document

Page1 / 2

Modine Consulting Statements - Cash 7,700 Assets Supplies...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online