SOKHA SENG UEI COLLEGE GARDENA B.O.A BUSINESS OFFICE ADM./ TASK 9 ACCOUTING PRINCIPALS FRANK EZENEKWE
Wilhelm Kohl's Home Repair Trial Balance May 20-Account Tittle Debit Balance Cash 24,805.00 Account Reveivable 2,700.00 Office Supplies 160.00 Prepaid Insurance 1,100.00 Equipment 8,200.00 Van 6,000.00 Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing 2,900.00 Service Fees Rent Expense 850.00 Wages Expense 800.00 Phone Expense 230.00 Gas and Oil Expense 155.00 47,900.00
Credit Balance
4,400.00 25,000.00 15,500.00
44,900.00
Wilhelm Kohl's Home Repair Income Statement May 20-Revenue:
serives fee Expenses: Rent Expense wages Expense Phone Expense Gas and oil expenese Net income
40,500.00 15,500.00 850.00 800.00 230.00 155.00 2,035.00
56,000.00
Wilhelm Kohl's Home Repair Statement of Owner's Equity May 20-Wilhelm Kohl, Capital, May 20--
$------
Investments during May, 20--
25,00.00
Total Investment
25,00.00
Net income for May withdrawals for May
24,805.0 0 29,00.00
Wilhelm Kohl's Home Repair Balance Sheet May 20-Assets Cash Accounts receivable Office supplies Equipment
total Assets
Liabilities 24,805.00
Accounts payable
4,400.00
Total Liabilities
4,400.00
Owner's Equity
35,565.00
2,700.00 160.00 8,200.00
39,965.00
Total Liabilities and Owner's Equilty
39,965.0
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