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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.
- Fall '05
- Financial Accounting