Prepare an Income Statement for August EXPRESSIONS Income Statement For Month

Prepare an income statement for august expressions

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Prepare an Income Statement for August EXPRESSIONS Income Statement For Month Ended August 31 Account nues Haircutting Service Rev 1855 ating Expenses Rent Expense (500) Wages Expense (125) Total Operating Expenses (625) rofit 1230 Prepare a Statement of Changes in Equity for August EXPRESSIONS Statement of Changes in Equity For Month Ended August 31 hy's Capital 0 Investment by Owner 18,000 Net Profit 1230 19,230 19,230 Withdrawals by Owner (900) 18,330 re a Statement of Changes in Equity for August EXPRESSIONS Statement of Financial Position August 31 s 2,330 ure 600 Equipment 16,200 Assets 19,130 ities Payable 800 y hy's Capital 18,330 otal liabilities and equity 19130
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Prepare general journal entries to record the transactions below for Dexter.Use the letters beside each transaction to identify entries.After recording the transactions, post a. Macy Dexter, owner, invested $12,750 cash in the company. b. The company purchased office supplies for $375 cash. c. The company purchased $7,050 of office equipment on credit. d. The company received $1,500 cash as fees for services provided to a customer. e. The company paid $7,050 cash to settle the payable for the office equipment purchased in tr f. The company billed a customer $2,700 as fees for service provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,125 cash as partial payment for the account receivable created in i. Macy Dexter withdrew $1,000 cash from the company for personal use. Prepare Journal Entries to record these transactions: Account Debit Credit a.
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  • Fall '18
  • Balance Sheet, Generally Accepted Accounting Principles, i. Macy Dexter

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