Balance sheet and income statements amounts as of December 31, 2008 for Lesleys Tutoring Service...
50.1K
Verified Solution
Link Copied!
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: Zin AI - Your personal assistant for all your inquiries!