Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i know the question is designed for me to learn th

i know the question is designed for me to learn the topics properly. but am...

80.2K

Verified Solution

Question

Accounting

i know the question is designed for me to learn the topics properly. but am currently on a tight time and i keep getting consfused between all those terminologies. i need to prepare statement of income
image
Trial Balance October 31,2022 Cash. Debit Accounts receivable. $5,200 Prepaid insurance 70,100 Supplies 19,100 Equipment. 2,150 Accumulated depreciation-equipment 34,000 Building $1,700 Accumulated depreciation-building. Accounts payable. Deferred revenue. 81,785 Bank loan payable. Common shares. 8,179 39,200 Retained eamings 42,600 37,100 Service revenue. 69,500 13,700 Salaries expense. 113,300 Rent expense Insurance expense 58,099 Utilities expense. 25,200 13,100 6.650 Supplies expense. 4,500 Depreciation expense. 3.745 Interest expense. 1,500 Income tax expense. 150 Totals. $325.279$325.279

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