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William Calvin owns and operates Sales Consulting, an unincorporated consulting firm. The following information is based on December 31, 2014 year end ending balances for the firm. (All amounts are in 000's). Instructions
a. Prepare the income statement for Sales Consulting.
b. Prepare the statement of owner's equity.
c. Prepare the balance sheet.
Wristwatches
Portable timepieces designed to be worn or carried by a person, providing convenience in telling time.
Centrally Venous Catheter
A tube placed into a large vein in the neck, chest, or groin to administer medication or fluids, obtain blood tests, and directly obtain cardiovascular measurements.
Indwelling Urinary Catheter
An indwelling urinary catheter is a tube inserted into the bladder through the urethra to drain urine, often used for patients who cannot urinate independently.
Colostomy
A surgical procedure that creates an opening in the abdominal wall to allow for waste elimination through the colon to an external pouch.
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