Maddox Smith Staff asked 5 years ago

Prepare Worksheet

Prepare worksheet entries for the business transactions for the month ended 31 January 2015. Apart from insurance, depreciation (rounded to nearest $1), doubtful debts and inventory, no adjusting journal entries are required. You may need to add additional columns to the table for additional asset, or liability or equity accounts (don’t forget an ‘income statement’ column/s on the end). (20 marks) b) Prepare an income statement for the period ended 31 January 2015 (5 marks) c) Prepare a classified balance sheet as at 31 January 2015