Homework answers / question archive / You are assigned to prepare the income statement for the year ended 31 March 2020 and the balance sheet as at 31 March 2020 based on the following information: Accounts   RM Cash   31,000 Accounts Receivable   76,000 Supplies   9,500 Office Equipment   12,000 Accumulated Depreciation   3,600 Accounts Payable   24,000 Salaries Payable   16,000 Capital   71,220 Drawings   13,000 Service Revenue   95,400 Interest Income   11,500 Salaries Expense   39,700 Supplies Expense   4,200 Depreciation Expense   1,200 Rental Expense   35,000 Miscellaneous Expense   120

You are assigned to prepare the income statement for the year ended 31 March 2020 and the balance sheet as at 31 March 2020 based on the following information: Accounts   RM Cash   31,000 Accounts Receivable   76,000 Supplies   9,500 Office Equipment   12,000 Accumulated Depreciation   3,600 Accounts Payable   24,000 Salaries Payable   16,000 Capital   71,220 Drawings   13,000 Service Revenue   95,400 Interest Income   11,500 Salaries Expense   39,700 Supplies Expense   4,200 Depreciation Expense   1,200 Rental Expense   35,000 Miscellaneous Expense   120

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You are assigned to prepare the income statement for the year ended 31 March 2020 and the balance sheet as at 31 March 2020 based on the following information:
Accounts   RM
Cash   31,000
Accounts Receivable   76,000
Supplies   9,500
Office Equipment   12,000
Accumulated Depreciation   3,600
Accounts Payable   24,000
Salaries Payable   16,000
Capital   71,220
Drawings   13,000
Service Revenue   95,400
Interest Income   11,500
Salaries Expense   39,700
Supplies Expense   4,200
Depreciation Expense   1,200
Rental Expense   35,000
Miscellaneous Expense   120