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Hot suds car wash worksheet

09/04/2021 Client: muhammad11 Deadline: 2 Day

Problem 9-1 1 2 3 4 5 6 7 Problem 9-2 Beginning Capital Investments Revenue Expenses 1 2 3 4 5 6 60.000 24.075 28.800 6.415 20.870 Problem 9-3 Return on Sales % 500 1.000 10.500 1.300 5.100 13.880 6.450 5.320 4.520 13.980 2.500 7.240 6.780 4.990 3.175 9.440 Ending Withdrawals Capital 700 800 200 700 1.700 Problem 9-4 Worksheet ACCOUNT NAME Cash AR-Helen Katz AR-Polk and Co. Office Supplies Office Equipment Camping Equipment AP-Adventure Equipment AP-Digital Tech AP-Greg Mollaro Capital Withdrawals Income Summary Equipment Rental Revenue Advertising Expense Maintenance Expense Rent Expense Utilities Expense TRIAL BALANCE DEBIT CREDIT 5.510 929 467 974 4.519 6.300 2.316 1.109 902 13.260 700 10.629 2.113 1.200 3.500 2.004 2.004 28.216 BALANCE SHEET DEBIT CREDIT 5.510 929 467 974 4.519 6.300 2.316 1.109 902 13.260 700 10.629 2.113 1.200 3.500 28.216 Net Income INCOME STATEMENT DEBIT CREDIT 8.817 10.629 19.399 1.812 10.629 17.587 1.812 10.629 19.399 19.399 Problem 9-4 Wilderness rentals Income Statement The month ended sep 30 1016 Rev: Equipment rental rev 10.629 Expense: Ad expense 2.113 maintenance expense 1.200 rent expense 3.500 utilities expense 2.004 total expenses 8.817 Net Income 1.812 Problem 9-5 Wilderness rentals Statement of Changes in Owners Equity Beginning capital Investments by owner Net income Toal increase in capital sub total withdrawels by owner ending capital 13.260 18.699 700 14.372 Problem 9-5 Wilderness rentals Balance Sheet Assets Cash in bank AR - H.K AR - p.c office suplies office equip camping equip Total assets Liabilities Act pay adventure EQ Ap Digital tech Ap GregMollaro Total liabilities 5.510 929 467 974 4.519 6.300 18.699 2316 1109 902 4327 Owners equity Capital Total liabilites and owners equity 14372 18699 Problem 9-6 Hot Suds Car Wash Work Sheet For the Quarter Ended September 30, 20-INCOME ACCOUNT NAME Cash AR-Linda Brown AR-Valley Auto Detailing Supplies Detergent Supplies Office Equipment Office Furniture Car Wash Equipment AP-Allen Vacuum AP-O'Brians Office Capital Withdrawals Income Summary Wash Revenue Wax Revenue Interior Detailing Revenue Advertising Expense Equipment Rental Expense Maintenance Expense Rent Expense Utilities Expense TRIAL BALANCE DEBIT CREDIT 8.457 584 619 810 460 15.240 2.160 7.522 3.528 1.215 23.845 1.500 STATEMENT DEBIT CREDIT 9.623 8.019 2.628 9.623 8.019 2.628 1.963 4.137 1.186 3.500 720 720 Net income 48.858 DEBIT 8.457 584 619 810 460 15.240 2.160 7.522 1.500 1.963 4.137 1.186 3.500 48.858 BALANCE SHEET 11.506 20.270 37.352 20.270 37.352 8.764 20.270 BALANCE SHEET CREDIT 3.528 1.215 23.845 28.588 8.764 37.352 Problem 9-6 Income Statement Problem 9-6 Statement of Changes in Owners Equity Problem 9-6 Hot suds car wash Balance Sheet for quarter ended sep 30th 2016 Assets Cash AR - L.B AR - V.A detailing supplies detergent supplies office equipment office furniture Car wash equip Total assets 8.457 584 619 810 460 15.240 2.160 7.522 35.852 Liabilities AP - A.V AP- brians office Total liabilities 3528 1215 4743 Owners equity Capital Total liabilities and owners equity 31109 35852 Problem 9-7 Work Sheet ACCOUNT NAME TRIAL BALANCE DEBIT CREDIT Net ? - INCOME STATEMENT DEBIT CREDIT - - BALANCE SHEET DEBIT CREDIT - - Problem 9-7 Income Statement Problem 9-7 Statement of Changes in Owners Equity Problem 9-7 Balance Sheet Problem 9-8 Statement of Changes in Owners Equity ...
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