subject
Business, 19.05.2020 20:08 Bloom247

The completed worksheet for Cantu Corporation as of December 31, 2019, after the company had completed the first month of operation, appears below. CANTU CORPORATION Worksheet Month Ended December 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 77,300 77,300 77,300 Accounts Receivable 12,100 12,100 12,100 Supplies 10,300 6,100 4,200 4,200 Prepaid Advertising 15,000 2,500 12,500 12,500 Equipment 62,500 62,500 62,500 Accumulated Depreciation—Equipment 1,250 1,250 1,250 Accounts Payable 12,100 12,100 12,100 Selena Cantu, Capital 108,100 108,100 108,100 Selena Cantu, Drawing 7,300 7,300 7,300 Fees Income 83,100 83,100 83,100 Supplies Expense 6,100 6,100 6,100 Advertising Expense 2,500 2,500 2,500 Depreciation Expense-Equipment 1,250 1,250 1,250 Salaries Expense 16,900 16,900 16,900 Utilities Expense 1,900 1,900 1,900 Totals 203,300 203,300 9,850 9,850 204,550 204,550 28,650 83,100 175,900 121,450 Net Income 54,450 54,450 83,100 83,100 175,900 175,900 Required: Prepare an income statement. Prepare a statement of owner’s equity. The owner made no additional investments during the month. Prepare a balance sheet.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:10
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
question
Business, 22.06.2019 19:00
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
question
Business, 22.06.2019 19:50
Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
question
Business, 22.06.2019 20:50
Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.
Answers: 3
You know the right answer?
The completed worksheet for Cantu Corporation as of December 31, 2019, after the company had complet...
Questions
question
Mathematics, 04.07.2020 14:01
Questions on the website: 13722363