Unformatted text preview: company's records show the following items and amounts. Use this information to prepare an October income statement for the business. (Omit the "$" sign in your response.) Cash $ 11,360 D. Shabazz, Withdrawals $ 2,000 Accounts receivable 14,000 Consulting Fees Earned 14,000 Office supplies 3,250 Rent Expense 3,550 Patents 46,000 Salaries Expense 7,000 Office Equipment 18,000 Telephone Expense 760 Accounts payable 8,500 Miscellaneous expense 580 D. Shabazz, Capital 84,000 ONTECH Income Statement For Month Ended October 31 Revenues: Consulting Fees Earned $ 14,000 Expenses: Miscellaneous Expenses $ 580 Rent Expense 3,550 Telephone Expense 760 Salaries Expense 7,000 Total Expenses 11,890...
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.
- Spring '10
- Trial Balance