80.2K

Verified Solution

Link Copied!

All pictures shown completed first part please and thank yoy

Quen 3 incomplete answer Maried out of 10.00 P Fat Question Trial Balance and Financial Statements The following account balances, in alphabetical order, are from the general lediter of Morgan's Waterproofing Service at January 31. The firm began business on January 1 All accounts have normal balances Accounts payable $3.500 Notes payable 54.000 Accounts receivable 21.000 Bent to pense 1.700 Adrering expense 1420 Snel expense cal 10,000 Service fees camed 25760 Common to 29740 Supplies Dwided 1,000 Suspense 10.250 ren 30 pense 220 LOOO Required Pretrial balance from the given data bare an income statement for the month of January c. Prepare a statement of stockholderteguity for the month of January d. Prepare a balance sheet sot january 31 Noter Do not use negative signs with your answers, unless otherwise noted (such as Dividend Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends). Trial Balance Income Statement Statement of Stockholders' Equity Balance Sheet MORGAN'S WATERPROOFING SERVICE Trial Balance January 31 Debit Credit Cash $ 10,400 $ 0 Accounts Receivable 21,000 0 Supplies 8,860 0 Accounts Payable 0 3,500 Notes Payable 0 4,000 Common Stock 0 29,740 Dividends 1,000 0 Service Fees Earned 0 25,760 Advertising Expense 1,420 0 Interest Expense 50 0 Rent Expense 1,700 0 Salaries Expense 8,000 0 Supplies Expense 10,250 0 Utilities Expense 320 0 Totals $ 63,000 $ 63,000 Deaconewallah Trial Balance Income Statement Statement of Stockholders' Equity Balance Sheet MORGAN'SWATERPROOFING SERVICE Income Statement For the Month Ended January 31 Revenue Service Fees Earned $ Expenses Advertising Expense 0 Interest Expense Rent Expense Salaries Expense 0 Supplies Expense 0 Utilities Expense 0 Total Expenses Net Income $ Please answer all parts of the question. 0 0 0 0 Check Previous e Save Answers Required a. Prepare a trial balance from the given data. b. Prepare an income statement for the month of January c. Prepare a statement of stockholders' equity for the month of January d. Prepare a balance sheet as of January 31. Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends). Trial Balance Income Statement Statement of Stockholders' Equity Balance Sheet Total 0 0 MORGAN'S WATERPROOFING SERVICE Statement of Stockholders' Equity or the Month Ended January 31 Common Stock Retained Earnings Balance, January 1 $ 0 $ 0 $ Add: Stock Issued 0 0 Add: Net Income Less: Dividends Paid(enter as negative) 0 0 Balance, January 31 $ 0 $ 0 $ Please answer all parts of the question. Check 0 0 ooo Previous Save Answers Required a. Prepare a trial balance from the given data. b. Prepare an income statement for the month of January. c. Prepare a statement of stockholders' equity for the month of January d. Prepare a balance sheet as of January 31. Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends). Trial Balance Income Statement Statement of Stockholders' Equity Balance Sheet MORGAN'S WATERPROOFING SERVICE Balance Sheet January 31 Liabilities 0 Accounts Payable Assets $ $ 0 0 . 0 0 Total Stockholders' Equity Total Assets 0 Total Liabilities and Stockholders' Equity $ Please answer all parts of the question. $ 0 Check Previous Save Answers

Answer & Explanation Solved by verified expert

See Answer