19) Using the following worksheet for Alcazar Services, prepare a statement of owner’s equity.
Alcazar Services
Worksheet
December 31, 2014
AdjustedIncomeBalance
Trial BalanceAdjustmentsTrial BalanceStatementSheet
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
1,700
1,700
1,700
Accounts Receiv.
8,500
2,000
10,500
10,500
Supplies
100
80
20
20
Equipment
7,500
7,500
7,500
Accum. Amort.
2,000
240
2,240
2,240
Accounts Payable
1,200
1,200
1,200
Salary Payable
800
180
980
980
Unearned Revenue
600
600
600
Owner Capital
3,400
3,400
3,400
Owner Withdraw.
2,300
2,300
2,300
Service Revenue
40,000
2,000
42,000
42,000
Salary Expense
24,000
180
24,180
24,180
Supplies Expense
2,300
80
2,380
2,380
Amort. Expense
1,600
240
1,840
1,840
Total
48,000
48,000
2,500
2,500
50,420
50,420
28,400
42,000
22,020
8,420
Net income/(loss)
13,600
13,600
Total
42,000
42,000
22,020
22,020
20) Using the following worksheet for Alcazar Services, prepare a non-classified balance sheet.
Alcazar Services
Worksheet
December 31, 2014
AdjustedIncomeBalance
Trial BalanceAdjustmentsTrial BalanceStatementSheet
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
1,700
1,700
1,700
Accounts Receiv.
8,500
2,000
10,500
10,500
Supplies
100
80
20
20
Equipment
7,500
7,500
7,500
Accum. Amort.
2,000
240
2,240
2,240
Accounts Payable
1,200
1,200
1,200
Salary Payable
800
180
980
980
Unearned Revenue
600
600
600
Owner Capital
3,400
3,400
3,400
Owner Withdraw.
2,300
2,300
2,300
Service Revenue
40,000
2,000
42,000
42,000
Salary Expense
24,000
180
24,180
24,180
Supplies Expense
2,300
80
2,380
2,380
Amort. Expense
1,600
240
1,840
1,840
Total
48,000
48,000
2,500
2,500
50,420
50,420
28,400
42,000
22,020
8,420
Net income/(loss)
13,600
13,600
Total
42,000
42,000
22,020
22,020
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