ch04 Completing the Accounting Cycle 财务会计英文版课件.pptVIP

NetSolutionsIncome StatementFor Two Months Ended December 31, 2005 Fees earned $16,840 Rent revenue 120  Total revenues $16,960 Expenses: Wages expense $ 4,525 Supplies expense 2,040 Rent expense 1,600 Utilities expense 985 Insurance expense 100 Depreciation expense 50 Miscellaneous expense 455 Total expenses 9,755 Net income $ 7,205 NetSolutionsStatement of Owner’s EquityFor the Two Months Ended December 31, 2005 Chris Clark, Capital, November 1, 2005 $ 0 Investment on November 1, 2005 $25,000 Net income for November and December 7,205 $32,205 Less withdra