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    boe420's Avatar
    boe420 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 2, 2014, 08:52 AM
    Carlos company worksheet
    Do not understand this. Can anybody help create owner's equity statement?

    CARLOS COMPANY
    Worksheet
    For the Year Ended December 31, 2012
    Income Statement
    Balance Sheet
    Account
    No.
    Account Titles
    Dr.
    Cr.
    Dr.
    Cr.
    101 Cash 6,200
    112 Accounts Receivable 7,500
    130 Prepaid Insurance 1,800
    157 Equipment 33,000
    167 Accumulated Depreciation—Equip. 8,600
    201 Accounts Payable 11,700
    212 Salaries and Wages Payable 3,000
    301 Owner’s Capital 34,000
    306 Owner’s Drawings 7,200
    400 Service Revenue 46,000
    622 Maintenance and Repairs Expense 4,400
    711 Depreciation Expense 2,800
    722 Insurance Expense 1,200
    726 Salaries and Wages Expense 35,200
    732 Utilities Expense
    4,000



    Totals
    47,600 46,000 55,700 57,300
    Net Loss

    1,600
    1,600

    47,600
    47,600
    57,300
    57,300

    Prepare owner’s equity statement. B. Carlos made an additional investment in the business of $4,000 during 2012.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Jan 5, 2014, 04:27 AM
    in order to present this problem you need to learn to format text. What you have here is unintelligiable to anyone but an accountant and we don't have the time to unravel it

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