On September 1, 2012, Susan Montgomery organized a new company called Stiller Co

Question

On September 1, 2012, Susan Montgomery organized a new company called Stiller Co.. On the last day of that month, the company's records showed the items listed below. Use this information to prepare the September income statement and statement of changes in equity as well as the balance sheet at September 30 for Stiller Co..

Account Balance

Accounts payable 73,000
Capital 169,000
Commissions earned 117,000
Consulting revenue earned 45,000
Furniture 57,500
Insurance expense 39,500
intrest earned 39,000
Land 169,500
Office supples expense 56,000
property taxes payable 40,500
rent earned 54,000
Store supplies expense 94,000
Utlilites expense 99,000
Withdrawls 22,000



a) Complete Income Statement with folowing formart
Revenue
____________________ _____ _____
............................ ........ ......
Total Revenue ....... .......
(same format for expenses and operating expenses)

b) COmplete statment of equity for end Spetember 30 2012
Beginign of period capital:
Add: investment by owner:
Total:
Less: Net Loss
Less"widtwals by Ownder
End of period capital:


c) Complete Balance with All assets total assets,liabilities, total liabilites, quity, total equties



THank you very much. I i could i would give a me life to the person who solves this. Thank you again.

Explanation / Answer

Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Beginning of period capital: Stiller Company Income Statement For the month ended September 30, 2012 Revenues: Commission Earned          117,000 Consulting Revenue Earned            45,000 Rent Earned            54,000 Interest Earned            39,000 Total Revenues          255,000 Less: Expenses Insurance Expense            39,500 Office Supplies Expense            56,000 Store Supplies Expense            94,000 Utilities Expense            99,000 Total Expenses          288,500 Net Income (Loss)          (33,500)

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.