Worksheet data for Savaglia Company are present as follows

Savaglia Company
Worksheet (partial)
For the Month Ended April 30, 2020

The owner did not make any additional investments in the business in April

Instruction

Prepare an income statement, an owner's equity statement, and a classified balance sheet.

Solution

Savaglia Company
Income Statement
For the Month Ended April 30, 2020

Savaglia Company
Owner's Equity Statement
For the Month Ended April 30, 2020

Savaglia Company
Balance Sheet
April 30, 2020

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Completing the Accounting Cycle

Problem-9: Completing the Accounting Cycle

Instruction

Solution

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