Statement of owner''s equity , Financial Accounting

Prepare an income statement and statement of owner's equity  (month ended Mar,31 1995)
Auto remair fee earned            37,300
Salaries Expense                    11500
Repair parts Expense              7400
Paint Expense                        6300
Insurance Expense                 4700
Utilities Expense                    1570

Required:
Prepare an income statement for the month ended Mar 31 1995.

Assume that on Mar, 1, 1995, company had a balance of 6250 in his capital amount and that on Mar 10 he invested another 1500. Further more on Mar 23, 500 were withdrew from business. Prepare an income statement of Owner's Equity.

Posted Date: 3/15/2013 5:14:49 AM | Location : United States







Related Discussions:- Statement of owner''s equity , Assignment Help, Ask Question on Statement of owner''s equity , Get Answer, Expert's Help, Statement of owner''s equity Discussions

Write discussion on Statement of owner''s equity
Your posts are moderated
Related Questions
Question: Mosman Ltd produces a single product. The projected sales for the first month of the coming year and the beginning and ending inventory data are as follows:

Joe Doyle has recently received a substantial inheritance on the death of his mother. Joe has been working in a job that he does not really enjoy, and has dreamed of starting up hi

Clemens Cars' job cost sheet for job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the

How should I handle Booking an invoice in one month for Raw material that has not been received until the following month?

Errors in Financial Statements The following financial statements are available for Sherwood Real Estate Company: Balance Sheet Assets Liabilities Cash . . . . . . . . . . .

Budgetary Control is a technique of managerial control through budgets. Elaborate.

COMMITTEE OF INSPECTION Appointment : A committee of inspection may be appointed by the creditors at their first or any subsequent meeting to supervise the trustee.

Trustees right to be indemnified Trustees have, however, a right to be indemnified: 1. Out of trust property, for all expenses properly incurred in the execution of the tru


What is the function of balance sheet