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AP 1–4

17 August, 2015 - 10:59

The following is an alphabetical list of data from the records of Slemko Bookkeeping Corporation at September 30, 2015.

Accounts payable

$2,000

Repair revenue

$6,550

Accounts receivable

6,000

Rent expense

400

Advertizing expense

50

Salaries expense

2,350

Cash

700

Supplies expense

100

Share capital

5,000

Telephone expense

75

Equipment

2,000

Truck operating expense

325

Maintenance expense

250

Wages expense

1,100

   

Dividend

400

 

Required:

  1. Prepare an income statement and statement of changes in equity for the month ended September 30, 2015. Record the expenses on the income statement in alphabetical order. Assume no share capital was issued during the month.
  2. Prepare a balance sheet at September 30.