04-2A_22e - Problem 4-2A Name: Section: Enter the...

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Problem 4-2A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect entry or label in the outlined cells. Use the pull-down list to select the appropriate account in the journal.
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1. NEVUS COMPANY Income Statement For the Year Ended April 30, 2008 Revenues: Total revenue Expenses: Total expenses Net income NEVUS COMPANY Statement of Owner's Equity For the Year Ended April 30, 2008 Stacey Vargas, capital, May 1, 2007 Stacey Vargas, capital, April 30, 2008 NEVUS COMPANY Balance Sheet April 30, 2008 Assets Liabilities Current assets: Current liabilities Total liabilities Total current assets Owner's Equity Property, plant, and equipment: Stacey Vargas, capital Total property, plant, and equipment Total assets Total liabilities and owner's equity
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2. JOURNAL Date Debit Credit 2008 Closing Entries Apr. 30 30 30 30 3. $19,000 net loss.
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Problem 4-2A Name: SOLUTION Section: Enter the appropriate amount or item in the shaded cells.
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04-2A_22e - Problem 4-2A Name: Section: Enter the...

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