04-24_22e - Christina Keene capital DAKOTA SERVICES CO...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 4-24 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect entry in the outlined cells. DAKOTA SERVICES CO. Income Statement Fees earned Expenses: Wages expense Rent expense Insurance expense Utilities expense Supplies expense Depreciation expense Miscellaneous expense Total expenses Net income DAKOTA SERVICES CO. Statement of Owner's Equity Christina Keene, capital, August 1, 2007 Net income for the year Less withdrawals Increase in owner's equity
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Christina Keene, capital, July 31, 2008 DAKOTA SERVICES CO. Balance Sheet Assets Liabilities Current assets: Current liabilities: Cash Accounts payable Accounts receivable Wages payable Supplies Total liabilities Prepaid insurance Total current assets Property, plant, and equipment Owner's Equity Land Christina Keene, capital Equipment Less accum. depr. Total property, plant, and equipment Total assets Total liabilities and owner's equity...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online