Create the forms for an income statement

Assignment Help Accounting Basics
Reference no: EM13855971

Message: With the following accounts, create the forms for an Income statement, Statement of Owner''s Equity, and Balance Sheet:

Land

Cash

Accounts Payable

Notes Payable

Revenue

Rent expense

Salaries expense

Postage expense

Beginning Capital-George Jones

Unearned Revenue

Owner contribution

Depreciation- building

Interest payable

Net income from period

Ending Capital-George Jones

Owner'' Withdrawal

Accounts receivable

Furniture

Utilities payable

Interest payable

Prepaid rent

Note that some items will be used twice on various statements.

The Income Statement, Statement of Owner''s Equity, and Balance Sheet. Use th e information above to create the accounts and format for each.

Reference no: EM13855971

Questions Cloud

Decisions made at an organizations strategic level : Which of the following is a characteristic of decisions made at an organization's strategic level?
Implications of various economic theories : Explain the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
Tracking potential clients through call records : Clara Thomas is an employee at the Citizens Bank, the largest bank in Texas. What type of decisions will she undertake if her responsibilities include receiving customer queries, fixing appointments for sales representatives of the bank, and tracking..
River city fire department fights fires : The River City Fire Department (RCFD) fights fires and provides a variety of rescue operations in the River City metropolitan area. Normal staffing requires186 firefighters to be on duty every day. Assuming no daily absences and taking into account t..
Create the forms for an income statement : The Income Statement, Statement of Owner's Equity, and Balance Sheet. Use th e information above to create the accounts and format for each.
Define about fruit guys-strategy : Fruit Guys-Strategy
Pain is always heterogeneous with pleasure : What means are there of determining which is the acutest of two pains, or the in tensest of two pleasurable sensations, except the general suffrage of those who are familiar with both? Neither pains nor pleasures are homogeneous, and pain is always h..
Formation of ammonia from nitrogen and hydrogen : How many grams of NH3 will be actually produced from the reaction of 25.0 g N2 and 2.00g H2? N2(g) + 3 H2(g) ? 2NH3(g)
Standard questions about life is deontology : When it comes to living life I believe that the best theory that helps answer the standard questions about life is Deontology. It tells us to respect life and reminds us how valuable life really is.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd