Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Using the trial balance prepared in Part 4 of Problem 2-6B prepare an income statement and...

Using the trial balance prepared in Part 4 of Problem 2-6B prepare an income statement and statement of changes in equity for the month ended November 30 2014 and a balance sheet at November

Using the trial balance prepared in Part 4 of Problem 2-6B, prepare an income statement and statement of changes in equity for the month ended November 30, 2014, and a balance sheet at November 30, 2014. In problem 2-6B WiCom Servicing completed these transactions during November 2014, its first month of operations: Nov. 1 Tait linger, the owner, invested $62,000 cash and office equipment that had a fair value of $19,000 in the business. 2 Prepaid $21,000 cash for three months rent for an office. 4 Made credit purchases of used office equipment for $9,000 and office supplies for $1,650. 8 Completed work for a client and immediately received $5,200 cash. 12 Completed a $4,800 project for a client, who will pay within 30 days. 13 Paid the account payable created on November 4. 19 Paid $3,750 cash as the annual premium on an insurance policy. 22 Received $2,000 as partial payment for the work completed on November 12. 24 Completed work for another client for $3,600 on credit. 28 Unger withdrew $5,300 from the business for personal use. 29 Purchased $1,700 of additional office supplies on credit. 30 Paid $19,000 in wages. 30 Paid $1,650 for the month s utility bill.

Apr 08 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions