April 19, 2014

Homework Help: Accounting

Posted by Cheeze on Saturday, December 3, 2011 at 9:14am.

Directions: Be sure to make a copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length.

To complete Lesson 6, which completes the Introduction to Accounting course, you must complete a comprehensive problem that requires you to apply the accounting principles you have learned in Chapters 1 through 6 of your textbook. You must complete, on your own, an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. SEND YOUR SOLUTION TO ASHWORTH COLLEGE. You will then receive feedback on your work on this problem.

Cash $21,500

Accounts Receivable 17,500

Office Supplies 500

Equipment 15,000

Accounts Payable 9,750

Rya Page, Capital 28,200

Rya Page, Drawing 5,000

Planning Fees Income 26,250

Office Supplies Expense 200

Rent Expense 800

Salaries Expense 3,000

Utilities Expense 700

This assignment must be a neat, professional presentation. Proper punctuation, spelling, and usage of grammar are imperative.

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