04-2B_22e - Problem 4-2B Name: Section: Enter the...

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Unformatted text preview: Problem 4-2B 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. 1. THE ULTRA SERVICES COMPANY Income Statement For the Year Ended July 31, 2008 Revenues: Total revenue Expenses: Total expenses Net Income THE ULTRA SERVICES COMPANY Statement of Owner's Equity For the Year Ended July 31, 2008 Chad Tillman, capital, August 1, 2007 Chad Tillman, capital, July 31, 2008 THE ULTRA SERVICES COMPANY Balance Sheet July 31, 2008 Assets Liabilities Current assets: Current liabilities Total liabilities Total current assets Property, plant, and equipment: Owner's Equity Chad Tillman, capital Total property, plant, and equipment Total assets Total liabilities and owner's equity 2. JOURNAL Date Debit Credit 2008 Closing Entries July 31 31 31 31 3. Problem 4-2B Name: SOLUTION Section: Enter the appropriate amount or item in the shaded cells.Enter the appropriate amount or item in the shaded cells....
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04-2B_22e - Problem 4-2B Name: Section: Enter the...

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