Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. balance sheet and income statements amounts as of

Balance sheet and income statements amounts as of December 31, 2008 for Lesleys Tutoring Service...

50.1K

Verified Solution

Question

Accounting

Balance sheet and income statements amounts as of December 31, 2008 for Lesleys Tutoring Service are listed below. Prepare a balance sheet and income statement in good form.

Supplies $1,000 Revenues $23,000

Rent expense 12,000 Cash 15,000

Accounts payable 9,000 Drawings 1,000

Accounts receivable 3,000 Notes payable 1,000

Depreciation expense 5,000 Equipment 6,000

Supplies expense 2,000 Building 16000

Inventory 1,800 Tax payable 960

Prepaid Rent 1,500 Lesley, Capital ?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity....

Biology
1.2K views

1. Draw a 4 AA residue generic polypeptide with R groups (R, no specific AA required)...

Chemistry
1.2K views

2. Using the same method, answer the same questions for mixing 30 g of hydrogen fluoride...

Physics
1.2K views

I good now. thanks

Physics
1.2K views

A placekicker is about to kick a field goal. The ball is 25.3 m from the...

Physics
1.2K views

A 57.40-pF cylindrical capacitor carries a charge of 1.740 µC. The capacitor has a length of...

Physics
1.2K views

A wave in a string has an amplitude 2 cm The wave travels in the...

Physics
1.2K views

Three large conducting plates are placed a distance d apart in air The space between...

Accounting
1.2K views

Please calculate Mary's current year Auto Benefit for Employment Income pruposes: Cost...

Accounting
1.2K views

if budgeted revenues are $450,000, breakeven revenues are $200,000, and fixed costs are $100,000, the...

Accounting
1.2K views

Name: Date: ...

Finance
1.2K views

uizzes > PV05 Annuity - A 5 Annuity - A Jan 23 at 12:36pm =...