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    The document contains financial statements for Fosilicius Ltd for the month ending March 31, 2017. It includes a trial balance, income statement, journal adjustments, retained earnings statement, and statement of financial position. The income statement shows revenue of $6,520 and expenses of $3,300 resulting in net income of $3,220. The retained earnings statement shows net income of $3,220 and dividends of $1,100, leaving retained earnings of $2,120 at March 31, 2017. The statement of financial position lists total assets of $15,470, total liabilities of $3,350, and total equity of $12,120 at the end of the period.

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    Untitled

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    17 views6 pages
    The document contains financial statements for Fosilicius Ltd for the month ending March 31, 2017. It includes a trial balance, income statement, journal adjustments, retained earnings statement, and statement of financial position. The income statement shows revenue of $6,520 and expenses of $3,300 resulting in net income of $3,220. The retained earnings statement shows net income of $3,220 and dividends of $1,100, leaving retained earnings of $2,120 at March 31, 2017. The statement of financial position lists total assets of $15,470, total liabilities of $3,350, and total equity of $12,120 at the end of the period.

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    The document contains financial statements for Fosilicius Ltd for the month ending March 31, 2017. It includes a trial balance, income statement, journal adjustments, retained earnings statement, and statement of financial position. The income statement shows revenue of $6,520 and expenses of $3,300 resulting in net income of $3,220. The retained earnings statement shows net income of $3,220 and dividends of $1,100, leaving retained earnings of $2,120 at March 31, 2017. The statement of financial position lists total assets of $15,470, total liabilities of $3,350, and total equity of $12,120 at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    17 views6 pages

    Untitled

    Uploaded by

    eben gntg
    The document contains financial statements for Fosilicius Ltd for the month ending March 31, 2017. It includes a trial balance, income statement, journal adjustments, retained earnings statement, and statement of financial position. The income statement shows revenue of $6,520 and expenses of $3,300 resulting in net income of $3,220. The retained earnings statement shows net income of $3,220 and dividends of $1,100, leaving retained earnings of $2,120 at March 31, 2017. The statement of financial position lists total assets of $15,470, total liabilities of $3,350, and total equity of $12,120 at the end of the period.

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    Ebenezer Sitanggang

    AK-45-06
    1402210186

    Account title

    Cash
    Account Rechievable
    Supplies
    Equipment
    Accumulated Depreciation-Equipment
    Account Payable
    Unearned Service Revenue
    shared capital-ordinary
    Devidends
    Service Revenue
    Salaries and Wages expense
    Miscellanous Expense
    Total
    Supplies Expense
    Depreciation Expense
    Salaries and wages payable
    Total

    Total

    Fosilicius,Ltd
    Income statemen
    For The Month Ended mar
    Revenue
    Service Revenue

    Expense
    Salares And Wages Expense
    Miscellanous Expense
    Supplies Expense
    Depreciation Expense
    Total Expense
    Net Income

    Fosilicius,Ltd
    Journal Adjustin
    For The Month Ended mar

    Supplies Expense
    Supplies
    Depreciation Expense
    Accumulated Expense
    Unearned Service Revenue
    Service Revenue
    Salaries and Wages expense
    Salaries and wages payable

    Fosilicius,Ltd
    Closing of financial Sta
    For The Month Ended mar

    Service revenue
    Incime Summary

    Income Summary
    Salaries And Wages Expense
    Supplies Expense
    Decpreciation Equipment-Expense
    Miscellanous Expense

    Income Summary
    Retained Earning

    Retained Earning
    Devidend
    Sitanggang

    86

    Trial Balance Adjustment Adjutment Trial Balance Income statment


    Account title
    debit credit debit credit debit credit debit
    2,720 2,720
    Rechievable 2,700 2,700
    1,500 950 550
    nt 11,000 11,000
    ted Depreciation-Equipment 1,250 250 1,500
    ayable 2,500 2,500
    Service Revenue 650 220 430
    pital-ordinary 10,000 10,000
    s 1,100 1,100
    evenue 6,300 220 6,520
    nd Wages expense 1,300 420 1,720 1,720
    ous Expense 380 380 380
    Total 20,700 20700
    Expense 950 950 950
    tion Expense 250 250 250
    nd wages payable 420 420
    Total 1840 1840 21,370 21,370 3,300
    3,220
    Total 20,700 20700 1840 1840 21,370 21,370 6,520

    Fosilicius,Ltd Fosilicius,Ltd
    Income statement Retained Earning
    For The Month Ended march 31,2017 For The Month Ended march 31,2017
    Revenue Debit Credit Net Income 3,220
    Service Revenue 6,520
    Devidends 1,100
    Expense
    nd Wages Expense 1720 Retained Earning March31 2,120
    ous Expense 380
    Expense 950 Fosilicius,Ltd
    tion Expense 250 financial Statement Position
    Total Expense 3300 For The Month Ended march 31,2017
    Net Income 3,220 Asset debit
    Cash 2,720
    Fosilicius,Ltd Account Rechievable 2700
    Journal Adjusting Supplied 550
    For The Month Ended march 31,2017 Equipment 11000
    debit credit Accumulater Depreciation Equipment
    Expense 950 16,970
    Supplies 950 Total Asset 15,470
    tion Expense 250
    Accumulated Expense 250 Liabillity
    Service Revenue 220 Account Payable
    Service Revenue 220 Salaries And Wages Payable
    nd Wages expense 420 Unearned Service Revenue
    laries and wages payable 420 Total Lability

    Fosilicius,Ltd Equity
    Closing of financial Statement Devidends 1,100
    For The Month Ended march 31,2017 Shared capital ordinary
    Debit Credit Net Income (loss)
    venue 6,520 1,100
    ummary 6520 Total equity 12,120

    ummary 3,300
    And Wages Expense 1,720
    Expense 950
    iation Equipment-Expense 250
    nous Expense 380

    ummary 3,220
    d Earning 3,220

    Earning 1,100
    d 1,100
    14,140 14140
    Income statment Financial Position
    credit debit credit
    2,720
    2,700
    550
    11,000
    1,500
    2,500
    430
    10,000
    1,100
    6,520

    420
    6,520 18,070 14850
    3,220
    6,520 18,070 18,070

    h 31,2017
    3,220

    1,100

    2,120

    sition
    h 31,2017
    Credit
    1,500
    1,500
    15,470

    2,500
    420
    430
    3,350

    10,000
    3,220
    13,220
    12,120

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