From the trial balance of Howard\'s Cleaners, prepare the following for August ·

Question

From the trial balance of Howard's Cleaners, prepare the following for August ·Income statement * Statement of owner's equity . Balance sheet (Click the icon to view the trial balance ) Prepare the income statement Begin with the heading and then complete the rest of the statement. (If a box is not used in the income statement leave the box empty; do not se Howard's Cleaners Income Statement For the Month Ended August 31, 201x Data Table Howard's Cleaners Trial Balance August 31, 201X Dr. Cr. 450 Cash Equipment Accounts Payable 780 J. Howard, Capital 665 J Howard, Withdrawals Cleaning Fees Salaries Expense Utblities Expense 487 97 5221,522 Totals Print Done

Explanation / Answer

Income statement:

Statement of owners equity

Balance sheet:

T accounts:

Revenues Cleaning fees 487 Expenses Salaries expense 140 Utilities expense 97 Total expenses 237 Net income 250

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