Question 8: Complete following work sheet (income statement and balance sheet: Ahmed LLC Work sheet...
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Accounting
Question 8: Complete following work sheet (income statement and balance sheet: Ahmed LLC Work sheet (Partial) for the month ended May31, 2020 Account Titles Adjusted Trial Balance DR CR 11,400 Income Statement DR CR Balance Sheet DR CR 7,000 2.000 20,000 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Ahmed, Capital Ahmed, Drawing Service Revenue Salaries Expenses Rent Expenses 4,200 5,000 4,950 25,800 3,500 14,500 9450 500 Financial Accounting (1) BSDR1004 - Non Real Test 2 Page 8 of 10 600 50 Depreciation Expense Interest Expense Interest Payable Totals Net Income Totals SO 54,500 54500
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