Chapter 1 Homework

Chapter 1 Homework - Name Section Date Michael Samuels 051...

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Name Michael Samuels Problem 1-3A Section 051 - 17 Date 9/10/2007 Fix-It-Up Service Co. (a) FIX-IT-UP SERVICE CO. Income Statement For the Month Ended June 30, 2007 1 Revenues Revenue 8,000 1 2 2 3 Total 8,000 3 4 Expenses 4 5 Supplies Expense 1,000 5 6 Gas Oil Expense 600 6 7 Utilities Expense 300 7 8 Wage Expense 1,400 8 9 Advertising Expense 400 9 10 Total (3,700) 10 11 11 12 Net income 4,300 12 13 13 FIX-IT-UP SERVICE CO. Retained Earnings Statement For the Month Ended June 30, 2007 1 Retain earnings June 1, 2007 0 1 2 Add Net Incone 4,300 2 3 Less Dividends (2,000) 3 4 4 5 Retained Earnings June 30, 2007 2,300 5 6 6
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Name Michael Samuels Problem 1-3A Concluded Section 051 - 17 Date 9/10/2007 Fix-It-Up Service Co. (a) (Continued) FIX-IT-UP SERVICE CO. Balance Sheet June 30, 2007 1 Assets 1 2 Cash 4,600 2 3 Accounts Receivable 4,000 3 4 Supplies 2,400 4 5 Equipment 32,000 5 6 6 7 Total 43,000 7 8 Liabilities and Stockholders' Equity 8 9 9 10 Investment 26,200 10 11 Notes Payable 14,000 11
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This note was uploaded on 10/20/2010 for the course ACCY 051 taught by Professor Irene during the Fall '09 term at GWU.

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Chapter 1 Homework - Name Section Date Michael Samuels 051...

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