Ch04ProbFFS41 - $ Salaries payable Unearned consulting fees 16,000 Totals 265,720 265,720 RPE Consulting Statement of Owner's Equity For the Year

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Problem -FF4-1 1. 4. RPE Consulting Analysis component: Work Sheet For Year Ended July 31, 2005 Account Adjustments Debit Credit Debit Credit Debit Credit RPE Consulting Accounts payable 9,300 Income Statement Accounts receivable 12,000 For the Year ended July 31, 2005 Accum.Amort., office equipment 12,000 Advertising expense 13,800 Revenues: Amort.expense, office equipment - Consulting fees earned Cash 27,000 Consulting fees earned 156,000 Operating Expenses Insurance expense - Interest expense 1,400 Salaries expense Interest payable - Rent expense Notes payable 44,000 Amortization expense, office equipment Office equipment 92,000 Office supplies expense Office supplies 18,000 Insurance expense Office supplies expense - Interest expense Pre-paid insurance 7,320 Advertising expense Ray Edds, capital 28,420 Total operating expenses - Ray Edds, withdrawals 10,000 Rent expense 13,200 Salaries expense 71,000 Net Income
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Unformatted text preview: $- Salaries payable- Unearned consulting fees 16,000 Totals 265,720 265,720 RPE Consulting Statement of Owner's Equity For the Year ended July 31, 2005 Ray Edds, capital, August 1 Add:Investment by owner Net Income - - Less:Withdrawal by owner Ray Edds, capital, July 31 $- RPE Consulting Balance Sheet July 31, 2005 Assets Current Assets: Cash Accounts Receivable Prepaid Rent Repair supplies inventory Total current assets $- Capital Assets: Office Equipment Less: Accumulated amortization,office equipment Total capital assets - Total assets $- Liabilities and Owner's Equity Current Liabilities: Accounts payable Unearned consulting fees Interest payable Salaries payable Notes Payable Total liabilities - Owner's Equity: Ray Edds, capital Total liabilities and owner's equity $- Unadjusted Trial Balance Adjusted Trial Balance...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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