The T Account Balances for the Accounts of Rya's Planning

question 46

Essay

The T account balances for the accounts of Rya's Planning Services as of January 31, 2013 are listed below. $$\begin{array} { l r } \text { Cash } & \$ 21,500 \\\text { Accounts Receivable } & 17,500 \\\text { Office Supplies } & 500 \\\text { Equipment } & 15,000 \\\text { Accounts Payable } & 9,750 \\\text { Rya Page, Capital } & 28,200 \\\text { Rya Page, Drawing } & 5,000 \\\text { Planning Fees Income } & 26,250 \\\text { Office Supplies Expense } & 200 \\\text { Rent Expense } & 800 \\\text { Salaries Expense } & 3,000 \\\text { Utilities Expense } & 700\end{array}$$
-Using the information given for Rya's Planning Services, create an Income Statement, Statement of Owner's Equity, and Balance Sheet for January 2013.

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Definitions:

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from gross income.

Special Order

A one-time customer order often requiring customization or a deviation from standard production practices.

Modifications

Modifications refer to changes or alterations made to a product or system, often to improve functionality, efficiency, or to tailor it to specific needs or preferences.

Mixing Machines

Equipment used in various industries for blending or combining ingredients or materials into a homogeneous or specific mixture.