User Account

All Pages

Prepare an income statement for the month ended September

Assignment Help Accounting Basics
Reference no: EM133069059

Question - The trial balance for Leek and Associates LLP is given below.

Leek and Associates LLP Trial Balance September 30th, 2018

Account

Dr

Cr

Bank

$1,200.00

 

Supplies

340.00

 

Accounts Receivable

457.00

 

Equipment

2380.00

 

Building

12900.00

 

Land

56000.00

 

Accounts Payable

 

$628.00

Bank Loan

 

3900.00

M. Leek, Capital

 

68942.00

M. Leek, Drawings

651.00

 

Fees Earned

 

890.00

Interest Earned

 

344.00

Advertising Expense

129.00

 

Bank Charges Expense

68.00

 

Utilities Expense

106.00

 

Vehicle Expense

21.00

 

Wages Expense

452.00

 

 

$74,704.00

$74,704.00

Required - Prepare an income statement for the month ended September 30th, 2018.

Reference no: EM133069059

Questions Cloud

What is the mirr of the project : Assume that the cost of capital (discount rate) for the question that follows is equal to 0.18 (this is a decimal, not a percentage).
Find the quarterly payments : A personal computer being sold for P85,000 may be bought by making a P15,000 down payment, Find the quarterly payments
Find taxable income for the current year : If her life expectancy is 8.33 years, what is her taxable income for the current year and next year?
What selling price per unit would it have established : If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400
Prepare an income statement for the month ended September : The trial balance for Leek and Associates LLP is given below. Prepare an income statement for the month ended September 30th, 2018
Acceptable use policy : The acceptable use policy (AUP) is a very important policy within organizations to define acceptable employee behavior when accessing company resources.
Bitcoin scam-how did human nature factor into breach : Several Twitter accounts associated with prominent figures were hijacked and sent out a bitcoin scam.How did human nature factor into the breach?
Designing the ipos going forward : Please read the case-let given below and analyse for presenting your view point and your analysis by way of questions asked below.
Prepare required journal entries to record the bond issuance : Prepare the required journal entries to record the bond issuance, interest payment on December 31, early retirement of the bonds

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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