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$1.00 Accounting Homework - Financial Statements/Balance Sheets

• From Business: Accounting , Business: Finance
• Closed, but you can still post tutorials
• Due on Oct. 26, 2007
• Asked on Oct 25, 2007 at 2:16:06PM

Q:

Prepare an income statement, a retained earnings statement, and a classified balance sheet.
CAJON COMPANY
Work Sheet (partial)
For the Month Ended April 30, 2006
Adjusted Trial Balance Income Statement Balance Sheet
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash
14,752

Accounts Receivable
7,840

Prepaid Rent
2,280

Equipment
23,050

Accumulated Depreciation
4,921

Notes Payable
5,700

Accounts Payable
5,672

Common Stock
25,000

Retained Earnings
8,960

Dividends
3,650

Service Revenue
12,590

Salaries Expense
9,840

Rent Expense
760

Depreciation Expense
671

Interest Expense
57

Interest Payable
57

Totals
62,900
62,900

 

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