how do you do an income statement and statement of owner equity ...

50.1K

Verified Solution

Question

Accounting

how do you do an income statement and statement of owner equity

image

Credits Debits 32,000.00 6,000.00 65,000.00 5,100.00 11.900.00 2.400.00 81.700.00 155,700.00 14,700.00 1,006,000.00 28,300.00 ADJUSTED TRIAL BALANCE Jablonski's Golden Acres For December 31, 2020 Accounts Cash Accounts Receivable Feeder Livestock Inventory Raised for Sale Feed Inventory Purchased for Use Crop Inventory Raised for Sale Prepaid Expenses Breeding Livestock Machinery & Equipment Office Furniture and Equipment Land, Buildings and Improvements Investment in Cooperatives Accumulated Depreciation Accounts Payable Taxes Payable Interest Payable Notes Payable, Non-Current Notes Payable, Due within One Year Real Estate Notes Payable, Non-Current Retained Capital Owner Withdrawals Non-Farm Income Other Capital Contributions/Gifts/Inheritance Cash Crop Sales Changes in Raised Crop Inventories Cash Sales of Market Livestock Changes in Market Livestock Inventories Crop Insurance Proceeds Change in Accounts Receivable Purchased Feed Change in Purchased Feed Inventory Wages Expense Payroll Tax Expense Repairs Expense Small Tools and Supplies Fuel, Oil, Gas, Grease Fertilizers Electricity Veterinarian Expenses 81,000.00 7,800.00 13,200.00 4,100.00 105,000.00 18,300.00 325,000.00 785,000.00 21,400.00 4,500.00 44.700.00 278,400.00 13,000.00 172,000.00 17,800.00 29,500.00 1,900.00 42,000.00 7,100.00 123,000.00 17,100.00 9,400.00 4,100.00 68,600.00 17,300.00 27,500.00 18,000.00 52.000.00 28,900.00 Water 2,500.00 6,000.00 18,200.00 3,800.00 Depreciation Expense Change in Accounts Payable Change in Prepaid Expenses Interest Expense Change in Interest Payable Gains/Losses on Sales of Farm Capital Assets Miscellaneous Revenue Income Tax Expense Changes in Taxes Payable 7,200.00 1,500.00 28,500.00 4,900.00

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