Income Statement For the Two Months Ended Revenue Sales

Income statement for the two months ended revenue

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Income Statement For the Two Months Ended October 31, 2019 Revenue Sales Teaching Less: Cost of goods sold 2,550 Consulting Espense 50 Insurance Expense 200 Depreciation Expense 200 Wages Expense 2,300 Utilities Expense 335 Net Income f Kate's Cards Balance Sheet October 31, 2019 ASSETS Cash Accounts Receivable Supplies Inventory Prepaid Insurance Equipment 4,800
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Accumulated Depreciation (200) Total Assets
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b T-accounts Credit PR Cash PR PR BB 4,900 250 4 BB 2 450 200 6 3 5 500 1,000 8 450 1,000 11 1,200 12 100 14 2,100 BB 3,500 Accumulated depreciation 250 100 BB 100 10 200 500 Dividends 10,000 200 Cost of goods sold BB 1,750 BB 9 800 100 $ 2,550 Depreciation expense BB 100 BB 1,000 10 100 6 $ 200 7 11 800 100 c Kate's Cards 1,000 Trial Balance
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September 30, 20 1,200 Cash Accounts Receivable Supplies Inventory Prepaid Insurance 85 Equipment Accumulated Depreciation - Equipment Accounts Payable Wages Payable 100 Utilities Payable Unearned Revenue Common Stock Dividends Sales Revenue Teaching Revenue Cost of Goods Sold Consulting Expense Insurance Expense Depreciation Expense 8,500 Wages Expense 450 Utilities Expense 8,950 Rent Expense Totals e Kate's Card Statement of Stockho 5,635 For the Two Months Ended 3,315 Balance, October 1, 2019 Net Income Less: Dividend Paid Balance, October 31, 2019 LIABILITIES 2,100 3,500 Wages Payabke 300 Utilities Payable 1,000 Unearned Revenue Total Liabilities
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4,600 STOCKHOLDERS' EQ Common Stock Retained Earnings Total Stockholders' Equity $ 11,500 Total Liabilities and Stockholders' Equity
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Accounts receivable PR PR Supplies inventory PR - BB 100 800 9 3,500 8 1,000 3,500 300 Prepaid insurance Equipment 1,100 100 10 BB 4,800 1,000 Accounts payable Wages payable - BB 100 7 Sales revenue Teaching revenue 5,000 BB 450 2 3,500 3 $ 8,500 Consulting expense Insurance expense 50 BB 100 10 100 $ 50 $ 200 Wages expense Utilities expense 1,000 4 250 200 12 85 100 $ 335 1,000 $ 2,300 Rent expense BB 1,200 12 1,200 2,400
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019 Debit Credit 2,100 3,500 300 1,000 4,800 200 - 100 85 500 10,000 100 8,500 450 2,550 50 200 200 2,300 335 2,400 $ 19,835 $ 19,835 ds olders' Equity d October 31, 2019 Common stock Retained earnings Total 10,000 $ 10,000 3,315 3,315 (100) (100) $ 10,000 $ 3,215 $ 13,215 100 85 500 $ 685
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QUITY 10,000 3,215 13,215 $ 13,900
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