| Equity Issues and discussions related to accounting for expenses, revenues and other areas that relate to owner's or stockholders equity. |
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09-29-2008, 05:32 AM
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#1 (permalink) |
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STock, i need hel please.
Please could you help me close this book, I did it but I am missing a $1000 i.s.o $6707 I am having a $7707.
Operating Statement Dr Cr Income Summary 9000Dr 8000Cr Sales 12694Cr Sales Returns & Allowances 53Dr Purchases 1420Dr Purchases Returns & Allowances 200Cr Salary Expenses 3200Dr Utilities Expense 55Dr Telephone Expense 45Dr Office Supplies Expense 60Dr Insurance Expense 100 Dr Depreciation expense 220Dr bad Debts expense 34Dr Totals 14187Dr 20894Cr Net Income 6707Dr Final Totals 20894Dr 20894Cr |
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11-02-2009, 05:15 AM
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#2 (permalink) |
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I think you have missed the difference betwee income summary of Dr 9000 and Cr 8000.
I have calculated totals without this and got $7707, and taking the above into account, I get $6707. Ana
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