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AndrewChalmers operates a roofing and siding company called

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AndrewChalmers operates a roofing and siding company called Chalmers Roofing Services. On June 30, 2013, the company’s records show the following accounts which all have normal balances:


Account Name Amount
Cash 5,500
Accounts Receivable 7,500
Office Supplies 550
Truck 8,000
Office Equipment 4,500
Repair Supplies 850
Accounts Payable 6,750
Notes Payable 3,800
A. Chalmers, Capital, June 1 4,690
A. Chalmers, Investment, June 10 2,500
A. Chalmers, Investment, June 20 3,000
A. Chalmers, Withdrawals 2,500
Roofing Revenue 4,250
Unearned Roofing Revenue 2,500
Siding Revenue 5,200
Unearned Siding Revenue 2,700
Miscellaneous Expense 1,490
Rent Expense 1,200
Salaries Expense 2,800
Utilities Expense 500




1. Prepare an income statement for the month ended June 30, 2013.

2. Prepare a statement of owner’s equity for the month ended June 30, 2013.

3. Prepare a balance sheet as of June 30, 2013.
Submitted: 1 year ago.
Category: Business and Finance Homework
Expert:  PDtax replied 1 year ago.
Welcome to the site. I'm PDtax, and will be helping you.

Can you tell me when you need this?
Customer: replied 1 year ago.

I need it by Sunday afternoon.

Expert:  PDtax replied 1 year ago.
https://dl.dropboxusercontent.com/u/100908300/Chalmers%206-13%20financials%20Just%20Answer.pdf is the link to my answers.

Please review, and ask any questions you may have. Thanks again for using Just Answer.

PDtax
PDtax, Master's Degree
Satisfied Customers: 2115
Experience: MBA/CPA, Former college instructor and tutor.
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