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.
1 answer