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Green as at 31 march 2015 in both horizontal and vertical style.
Practice income statement and balance sheet problems pdf. Cash flow statement practical problems. Consider the following monthly data for clarington heights inc. The following trial balance is prepared after preparation of income statement for f. In the absence of information about the date of repayment of a liability then it may be assumed.
The following are balance sheet and income statement of om ltd. Problem 3 prepare bologna s income statement statement of retained earnings and balance sheet for the year ending december 31 20x5. For january through june. View chapter 4 practice problems pdf from accounting 201 at davenport university.
Preparation of balance sheet horizontal and vertical style. Prepare balance sheet for f. 1 practice problems on income statement and balance sheet answer problems 1 4 on the basis of following data. Chapter 4 practice problems pe 4 1a income statement statement of owner s equity or balance sheet.
Green as at 31 march 2015. Month sales expenses january 20 000 15 000 february 30 000 20 000 march 40 000 30 000 april 30 000 20 000 may 50 000 40 000 june.
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