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Homework Surved The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month

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Homework Surved The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month. Transactions: o. Sutton invested $145,000 in cash to start the business. b. Pald $4,500 for the current month's rent. c. Bought office furniture for $15,220 in cash d. Performed services for $8.700 in cash e. Paid $1100 for the monthly telephone bill. f. Performed services for $14,500 on credit. 9. Purchased a computer and copier for $35,000; paid $11,500 in cash immediately with the balance due in 30 days. h. Received $7,250 from credit clients 1. Paid $2,500 in cash for office cleaning services for the month J. Purchased additional office chairs for $4,300; received credit terms of 30 days. K. Purchased office equipment for $25,000 and paid half of this amount in cash immediately, the balance is due in 30 days. I. Issued a check for $7.900 to pay salaries m. Performed services for $15,000 in cash n. Performed services for $16.500 on credit o Collected $6.500 on accounts receivable from charge customers. p. Issued a check for $2.150 in partial payment of the amount owed for office chairs 9. Paid $550 to a duplicating company for photocopy work performed during the month. r. Paid $1.070 for the monthly electric bill s. Sutton withdrew $7.500 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30, 20X1. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's ecruity for the month of June? Comunitate this restinn hantering Aur Anchere in the tahs halow < Prey Apps Mal YouTube ? Map Chapter 3 Homework ered 9 Income Trial Balance Strnt of Balance Sheet Analyze Stallment Owners Enty Income Stement Determine the account stances and prepare a trial balance for the month ended June 30, 20X1. 111 points eBook VINCENT SUTTON LANDSCAPE CONSULTANT Tribali June 10, 20X1 Account Name Debit Pri Credit References Cash receivable Office equipment Office furniture Accounts payable Vincent Sutton Capital Vincent Sutton Drawing Rent expense Telephone expenses unes expense Salaries expense Miscellaneous expense Total 5 0 $ Income Statement > < Prey 9 of 9 I!! Nox Me Graw HII Type here to search O a ?. an o medication.comvexmap/index.html con cance.cernal browser launchi Fnewconnect.mheducation.com 252Fd/activity/ Map Chapter 3 Homework haved 9 Trial Balance Income Statement Stmt of Owners Egly Balance Sheet Analyze 111 pots Prepare an income statement for the month anded June 30, 20x1. eBook VINCENT SUTTON, LANDSCAPE CONSULTANT Income Statement Month Ended June 30, 20X1 Pri Revenue References Expenses Total expenses 0 < Triel Balance Stmt of Owners Eqty > < Prey 99 Nex Mς Graw HIN Type here to search O ezto.mheducation.com/ext/map/index.html?_con conduexternal bruser- Duchod=https253A252F%252Fnewconnect.mheducation.com%252Fe/activity/ Apps Human YouTube ? Maps Chapter 3 Homework i 9 Complete this question by entering your answers in the tabs below. 111 points Trial Balance Income Statement Strnt of Owners Eaty Balance Sheet Analyze Prepare a statement of owner's equity for the month ended June 30, 20X1. book P VINCENT SUTTON. LANDSCAPE CONSULTANT Statement of Owner's Equity Month Ended in 20, 2X1 References 0 5 0 ( Income Statement Balance Sheet> < Prey 99! Next MC Graw Hill Type here to search a o erta.meducation.com/ext/map/indechtml?con con external browserslaunchUnterhttps Fnewconnect.mheducation.com%252F#/activity Appu H Gmail YouTube Mans Chapter 3 Homework Save 9 Complete this question by entering your answers in the tabs below. 111 points Trial Balance Income Statement Stmt of Owners Eqty Balancsheet Analyze Prepare a balance sheet for the month ended June 30, 20x1. ebook Paint References VINCENT SUTTON, LANDSCAPE CONSULTANT Halance Sheet June 30, 20X1 Liabilities Assets Owner's Equity Total Liabilities and Owner's Equity $ Total Assets < Sunt of Owners Eqty Analyze > < Prey 9 of 9 Next Mc Graw o 0 ? Typs here to search activity € C ezte meducation.com/ext/map/index.html?conco&external browser launch whttp:253A%252 Apps Himalo YouTube Maps Sand Chapter 3 Homework 9 o. Collected $6,500 on accounts receivable from charge customers p. Issued a check for $2.150 in partial payment of the amount owed for office chairs 4. Paid $550 to a duplicating company for photocopy work performed during the month . Paid $1,070 for the monthly electric bill 5. Sutton withdrew $7,500 in cash for personal expenses Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took Boumer place during the month ended June 30, 20X1. Determine the account balances before you start work on the financial statements 111 points etlook Prim Analyze: What is the change in owner's equity for the month of June? References Complete this question by entering your answers in the tabs below. Income Statement Stm of Owners Ety Balance Sheet Analyze Trial Balance What is the change in owner's equity for the month of June? Change in owner's equity << Balance Sheet Proy 99 Nex Me Graw H @ H Type here to search Arial 11 + BIU A # 1 2. + 3 . 1 14 + . . I . • Accounts Payable • Accounts Receivable • Advertising Expense • Automobile Cash Fees Income Gasoline Expense . IterestPayable Miscellaneous Expense Office Equipment Office Furniture • Prepaid Advertising Prepaid Insurance • Prepaid Rent Rent Expense Salaries Expense Supplies Supplies Expense Telephone Expense Truck Utilities Expense Vincent Sutoon Capital Vincent Sutoon Drawing . • o hp