Essay about Accounts Project 1

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Please submit your graded project online by uploading a finished copy of this PDF file to the school.
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21,946,851
STUDENT NUMBER: ______________________
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In Acrobat Reader, complete the forms included in this file. Check your work carefully, and save the completed file (forms-06168900.pdf) on your computer.

2. Go to http:www.takeexamsonline.com and log in.
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Aqua Elite, Inc.

Balance Sheet
As of July 31, 20XX

ASSETS

Cash
Accounts Recievable
Prepaid Rent
Supplies
Vehicles
Less: acc. Dep Veh
Furniture
Less: acc. Dep Furn
Equipment
Less: acc. dep equip
Land

LIABILITIES

$18,280
$5,300
$3,000
$350
$31,000
$(650)
$3,300
$(400)
$4,700
$(210)

Accounts Payable
Unearned Revenue
Notes Payable
Salaries Payable

$30,350 Total LIabilities

$1,840
$800
$31,000
$675

$34,315

$2,900
$4,490
$15,000

STOCKHOLDER’S EQUITY

Total Assets

Graded Project: 06168900

Capital Stock
Retained Earning

$38,500
$6,855

Total Stockholder's Equity

$45,355

Total Liabilities &
$79,670 Stockholder's Equity

$79,670

1

Aqua Elite, Inc.
Income Statement
For the Period May 1 20XX to July 31, 20XX

Revenues:
Service Revenue
Total Revenue
Expenses:
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