Breif Exercise 3-9 & 10
The adjusted trial balance of Harmony Company at December
31, 2010, includes the following accounts: S. Harmony, Capital $15,600; S.
Harmony, Drawing $6,000; Service Revenue $35,400; Salaries Expense $16,000;
Insurance Expense $2,000; Rent Expense $4,000; Supplies Expense $1,500; and
Depreciation Expense $1,300. Prepare an income statement for the year.
3-10
Partial adjusted trial balance data for Harmony Company is
presented in BE3-9. The balance in S. Harmony, Capital is the balance as of
January 1. Prepare an owner’s equity statement for the year assuming net income
is $10,600 for the year
No comments:
Post a Comment