c) create an adjusted trial balance Also, you can ignore the income statement part. ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
c) create an adjusted trial balance
Also, you can ignore the income statement part.
During the year, the company issued common shares for $910. Prepare a statement of income. BLOSSOM SERVICES LTD. Statement of Income For the Month Ended August 31, 2024 Revenues Service Revenue $51,590 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total Expenses Income Before Income Tax Income Tax Expense \begin{tabular}{|r|r|} \hline 2,160 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,670 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,520 & i \\ \hline \end{tabular} $11,770 Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).) During the year, the company issued common shares for $910. Prepare a statement of income. BLOSSOM SERVICES LTD. Statement of Income For the Month Ended August 31, 2024 Revenues Service Revenue $51,590 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total Expenses Income Before Income Tax Income Tax Expense \begin{tabular}{|r|r|} \hline 2,160 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,670 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1,520 & i \\ \hline \end{tabular} $11,770 Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).)
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!