Ch02P6A - $0 $0 Kelley Young, capital, April 1 Add:...

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Problem 2-6A Assets = Liabilities + Equity 3. Date Cash Accounts Payable Apr-1 Investment Albert Consulting. 1 Rent Epense Income Statement 3 For Month Ended April 30, 2005 5 Cleaning Expense Revenues: 8 Consulting Revenue Consulting service revenue 12 Consulting Revenue Operating expenses: 15 Salaries Expense Rent expense 20 Salary expense 22 Cleaning expense 23 Utility expense 28 Telephone expense 29 Advertising expense 30 Advertising Expense Total operating expenses - 30 Telephone Expense Net income $- 30 Utilities Expense 30 Salaries Expense Albert Consulting. 30 Withdrawal Statement of Owner's Equity Total $0 $0 $0 $0 $0 For Month Ended April 30, 2005
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Unformatted text preview: $0 $0 Kelley Young, capital, April 1 Add: Investment by owner Net income- OI = Owner Investment; R = Revenue; E = Expense; W = Withdraw Total- Less: Withdrawals by owner Kelley Young, capital, April 30 $- Albert Consulting. Balance Sheet April 30, 2005 Assets Cash Office supplies Total assets $- Liabilities Accounts payable Owner's Equity Kelley Young, capital Total liabilities and owner's equity $- Accounts Receivable Office Supplies Kelly Young, Capital Description of Equity Transactions (OI, R, E, W)* Explanation of Change...
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