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(ACC100 -Accountng) Wk2 P2-35A p103

(ACC100 -Accountng) Wk2 P2-35A p103 - $2,800 $57,800 Less...

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Wills Environmental Consulting Income Statement Month Ended June 30 2007 Revenue Service Revenue 6,700 Expenses Rent Expense $700 Advertising Expense $600 Salary Expense 2,200 Utilities Expense $400 Total Expenses $3,900 Net Income $2,800 ( See Statement of Owner's Equity B7)
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Wills Environmental Consulting Statement of Owner's Equity Month Ended June 30 2007 Maury Wills, capital, May 30, 2007 $0 Add: Investment by owner $30,000 Add: Investment by owner $25,000 Net income for the month
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Unformatted text preview: $2,800 $57,800 Less: Withdrawal by owner $5,000 Maury Wills, capital, June 30, 2007 $52,800 (See Balance Sheet D11) Lone Star Landscaping Balance Sheet Month Ended July 31 2008 Assets Liabilities Cash $700 Accounts Payable $1,900 Accounts Receivable $3,900 Office Supplies $2,100 Office Furniture $18,000 Building $30,000 Owner's Equity Maury Wills, Capital $52,800 Total Assets $54,700 Total Liablilites and Owner's Equity $54,700...
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