Question
In: Accounting
. Use the information given below to create the Income Statement, Statement of Changes in Owner’s...
. Use the information given below to create the Income Statement, Statement of Changes in Owner’s Equity and Statement of Financial Position for Mikes Maintenance Company for the year ended Dec. 31 .
The balances for the accounts of Mike's Maintenance Co. for the year ended December 31 are as follows.
|
Account |
$ |
Account |
$ |
|
A/P |
7,000 |
Wages expense |
35,500 |
|
A/R |
6,500 |
Rent expense |
6,000 |
|
Cash |
10,500 |
||
|
Supplies |
1,200 |
Land |
50,000 |
|
Building |
125,000 |
Unearned revenue |
4,000 |
|
Supplies expense |
21,500 |
||
|
Mike’s Capital |
118,700 |
Mike’s Dividend |
48,000 |
|
Revenue |
174,500 |
|
Income Statement |
|
Statement of Owner’s Equity |
|
Statement of Financial Position |
|
Solutions
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