The following account balances are taken from the general ledger of Chipcura Repairs Corporation at November 30, 2015.
|
Accounts payable |
$5,000 |
Rent expense |
$700 |
|
Accounts receivable |
6,000 |
Repair revenue |
8,350 |
|
Advertizing expense |
500 |
Salaries expense |
3,000 |
|
Bank loan |
4,500 |
Salaries payable |
1,000 |
|
Cash |
2,000 |
Unused supplies |
500 |
|
Share capital |
8,000 |
Supplies expense |
250 |
|
Commissions expense |
1,500 |
Truck |
8,000 |
|
Equipment |
3,500 |
Truck operating expense |
900 |
Required:
- Prepare a trial balance at November 30, 2015. Ensure total debits equal total credits. General ledger account numbers (folio) are not necessary.
- Prepare an interim income statement and statement of changes in equity for the month ended November 30, 2015.
- Prepare an interim balance sheet at November 30, 2015.
- 1410 reads
