Andrew Chalmers operates a roofing and siding company called Chalmers Roofing Services. On June 30, 2013

Andrew Chalmers 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:

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Account Name          Amount

Cash                     5,500

Accounts Receivable    7,500

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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     14,690

A. Chalmers, Investment, June     102,500

A. Chalmers, Investment, June      203,000

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

  

Required:

 

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.

 

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