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19 using the following worksheet for alcazar services prepare a statement of owner 3 4300786

19) Using the following worksheet for Alcazar Services, prepare a statement of owner's equity.

 

Alcazar Services

Worksheet

December 31, 2014

 

AdjustedIncomeBalance

Trial BalanceAdjustmentsTrial BalanceStatementSheet

 

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Cash

1,700

 

 

 

1,700

 

 

 

1,700

 

Accounts Receiv.

8,500

 

2,000

 

10,500

 

 

 

10,500

 

Supplies

100

 

 

80

20

 

 

 

20

 

Equipment

7,500

 

 

 

7,500

 

 

 

7,500

 

Accum. Amort.

 

2,000

 

240

 

2,240

 

 

 

2,240

Accounts Payable

 

1,200

 

 

 

1,200

 

 

 

1,200

Salary Payable

 

800

 

180

 

980

 

 

 

980

Unearned Revenue

 

600

 

 

 

600

 

 

 

600

Owner Capital

 

3,400

 

 

 

3,400

 

 

 

3,400

Owner Withdraw.

2,300

 

 

 

2,300

 

 

 

2,300

 

Service Revenue

 

40,000

 

2,000

 

42,000

 

42,000

 

 

Salary Expense

24,000

 

180

 

24,180

 

24,180

 

 

 

Supplies Expense

2,300

 

80

 

2,380

 

2,380

 

 

 

Amort. Expense

1,600

 

240

 

1,840

 

1,840

 

 

 

     Total

48,000

48,000

2,500

2,500

50,420

50,420

28,400

42,000

22,020

8,420

Net income/(loss)

 

 

 

 

 

 

13,600

 

 

13,600

      Total

 

 

 

 

 

 

42,000

42,000

22,020

22,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20) Using the following worksheet for Alcazar Services, prepare a non-classified balance sheet.

 

Alcazar Services

Worksheet

December 31, 2014

 

AdjustedIncomeBalance

Trial BalanceAdjustmentsTrial BalanceStatementSheet

 

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Cash

1,700

 

 

 

1,700

 

 

 

1,700

 

Accounts Receiv.

8,500

 

2,000

 

10,500

 

 

 

10,500

 

Supplies

100

 

 

80

20

 

 

 

20

 

Equipment

7,500

 

 

 

7,500

 

 

 

7,500

 

Accum. Amort.

 

2,000

 

240

 

2,240

 

 

 

2,240

Accounts Payable

 

1,200

 

 

 

1,200

 

 

 

1,200

Salary Payable

 

800

 

180

 

980

 

 

 

980

Unearned Revenue

 

600

 

 

 

600

 

 

 

600

Owner Capital

 

3,400

 

 

 

3,400

 

 

 

3,400

Owner Withdraw.

2,300

 

 

 

2,300

 

 

 

2,300

 

Service Revenue

 

40,000

 

2,000

 

42,000

 

42,000

 

 

Salary Expense

24,000

 

180

 

24,180

 

24,180

 

 

 

Supplies Expense

2,300

 

80

 

2,380

 

2,380

 

 

 

Amort. Expense

1,600

 

240

 

1,840

 

1,840

 

 

 

     Total

48,000

48,000

2,500

2,500

50,420

50,420

28,400

42,000

22,020

8,420

Net income/(loss)

 

 

 

 

 

 

13,600

 

 

13,600

      Total

 

 

 

 

 

 

42,000

42,000

22,020

22,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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