7/20/23, 1:02 PM CTU Portal: Accounting for Non-Accounting Majors ACC310

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Description

From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance

Sheet for the month of May of the current year.

Cash $12,000

Accounts Receivable 16,000

Supplies 350

Equipment 16,500

Notes Payable $13,000

Accounts Payable 12,000

S. Jones, Capital 18,000

S. Jones, Drawing 550

Service Revenue 6,000

Telephone Expense 350

Rent Expense 1,100

Advertising Expense 2,150

Assignment Details Close

Unit 2 – Individual Project (125 points) Due: Sun, Jun 25 | Printer Friendly Version

7/20/23, 1:02 PM CTU Portal: Accounting for Non-Accounting Majors ACC310

https://studentlogin.coloradotech.edu/aui/?ssid=3&cid=6&v=10#/class/298923/home/unit/2/unit-assignments 2/2

$49,000 $49,000

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