Balance Sheet

See attachment for more information,

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

The following equation shows the transactions of Cotton Cleaning Service during

 

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

May. The business is owned by Taylor Cotton.
 

 

 

+

+

+

=

+

+

 

+

+

+

=

+

+

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

+

2,600

+

5,400

+

33,400

=

6,600

+

49,400

+

0

 

 

 

 

 

 

 

 

 

 

 

 

+ 4,940

 

 

 

New balances

+

2,600

+

5,400

+

33,400

=

6,600

+

49,400

+

940

 

 

 

 

 

 

 

 

− 1,900

 

 

 

 

 

 

 

New balances

+

2,600

+

5,400

+

33,400

=

+

49,400

+

4,940

940

 

 

 

 

 

 

 

 

 

 

 

 

+ 2,700

 

 

 

New balances

16,700

+

+

5,400

+

33,400

=

4,700

+

49,400

+

940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New balances

+

5,300

+

5,400

+

33,400

=

4,700

+

49,400

+

7,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New balances

+

5,300

+

5,400

+

33,400

=

4,700

+

49,400

+

7,640

 

 

 

 

 

 

 

 

 

 

− 2,600

 

 

 

 

 

New balances

+

5,300

+

5,400

+

33,400

=

4,700

+

+

7,640

9,950

 

 

Assets

=

Liab.

+

Owner’s Equity

Cash

Accts.
Rec.

Supp.

Equip.

Accts.
Pay.

T.Cotton,
Capital

Rev.

Exp.

Balances, May 1

14,6

0

0

2,600

5,400

33,400

6,600

49,400

0

Paid for utilities

940

+ 940

New balances

13,660

940

Sold services for cash

+

4,940

18,600

4,940

Paid a creditor

− 1,900

16,700

4,700

Sold services on credit

+ 2,700

5,300

7,640

Paid salaries

− 8,700

+ 8,700

8,000

9,640

Paid telephone bill

− 310

+ 310

7,690

9,950

Withdrew cash for personal expenses

− 2,600

5,090

46,800

Required:
Analyze each transaction carefully. Prepare an income statement and a statement of owner’s equity for the month. Prepare a balance sheet for May 31, 2019.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.

Order your essay today and save 30% with the discount code ESSAYHELP