Ch02P6B - Add: Investment by owner Less: Withdrawals by...

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Problem 2-6B 1 and 2. Assets = Liabilities + Equity 3. Date Cash Accounts Payable Explanation Jun-1 Universal Maintenance Co. 1 Income Statement 4 For Month Ended June 30, 2005 6 Revenues: 8 Service revenue 14 Operating expenses: 16 Rent expense 20 Salary expense 21 Advertising expense 22 Utility expense 24 Telephone expense 29 29 Total operating expenses - 30 Net loss $- 30 30 Universal Maintenance Co. 30 Statement of Owner's Equity total $- $- $- $- $- For Month Ended June 30, 2005 $0 $0 Andrew Martin, capital, June 1
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Unformatted text preview: Add: Investment by owner Less: Withdrawals by owner Net loss- Andrew Martin, capital, June 30- Universal Maintenance Co. Balance Sheet June 30, 2005 Assets Cash Accounts receivable Office supplies Total assets $- Liabilities Accounts payable Owner's Equity Andrew Martin, capital Total liabilities and owner's equity $- Accounts Receivable Cleaning Supplies Andrew Martin, Capital...
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This note was uploaded on 08/22/2009 for the course ACCT 1202 taught by Professor Carmendima during the Winter '06 term at Niagara College.

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