BALANCE SHEET From the partial work sheet below, prepare a balance sheet. (Total assets $6390.00)...
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Accounting
BALANCE SHEET From the partial work sheet below, prepare a balance sheet. (Total assets $6390.00)
Work Sheet (Partial) For Month Ended January 31, 20 - - | ||||||||||||||||||||||
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| ACCOUNT TITLE | INCOME STATEMENT | BALANCE SHEET |
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DEBIT | CREDIT | DEBIT | CREDIT | |||||||||||||||||||
1 | Cash |
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| 1 | 2 | 1 | 2 | 00 |
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| 1 |
2 | Accounts Receivable |
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| 8 | 9 | 6 | 00 |
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| 2 |
3 | Supplies |
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| 4 | 8 | 2 | 00 |
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| 3 |
4 | Prepaid Insurance |
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| 9 | 0 | 0 | 00 |
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| 4 |
5 | Office Equipment |
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| 3 | 0 | 0 | 0 | 00 |
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| 5 |
6 | Accum. Depr.Office Equipment |
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| 1 | 0 | 0 | 00 | 6 |
7 | Accounts Payable |
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| 1 | 0 | 0 | 0 | 00 | 7 |
8 | Wages Payable |
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| 2 | 0 | 0 | 00 | 8 |
9 | Bill Case, Capital |
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| 4 | 0 | 0 | 0 | 00 | 9 |
10 | Bill Case, Drawing |
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| 8 | 0 | 0 | 00 |
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| 10 |
11 | Advising Fees |
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| 3 | 7 | 9 | 3 | 00 |
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| 11 |
12 | Wages Expense |
| 8 | 0 | 0 | 00 |
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| 12 |
13 | Advertising Expense |
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| 8 | 0 | 00 |
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| 13 |
14 | Rent Expense |
| 5 | 0 | 0 | 00 |
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| 14 |
15 | Supplies Expense |
| 1 | 2 | 0 | 00 |
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| 15 |
16 | Telephone Expense |
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| 5 | 8 | 00 |
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| 16 |
17 | Electricity Expense |
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| 4 | 4 | 00 |
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| 17 |
18 | Insurance Expense |
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| 3 | 0 | 00 |
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| 18 |
19 | Gas and Oil Expense |
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| 3 | 8 | 00 |
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| 19 |
20 | Depr. ExpenseOffice Equipment |
| 1 | 0 | 0 | 00 |
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| 20 |
21 | Miscellaneous Expense |
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| 3 | 3 | 00 |
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| 21 |
22 |
| 1 | 8 | 0 | 3 | 00 | 3 | 7 | 9 | 3 | 00 | 7 | 2 | 9 | 0 | 00 | 5 | 3 | 0 | 0 | 00 | 22 |
23 | Net Income | 1 | 9 | 9 | 0 | 00 |
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| 1 | 9 | 9 | 0 | 00 | 23 |
24 |
| 3 | 7 | 9 | 3 | 00 | 7 | 2 | 9 | 0 | 00 | 7 | 2 | 9 | 0 | 00 | 7 | 2 | 9 | 0 | 00 | 24 |
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