Essay About 5500Operating Expenses Office And 2500Total Operating Expenses

Accounting of Owens Financial Planners.
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Question One:A)Owens Financial PlannersIncome statement as on December 31st 2017Revenue Earned                                      $5500Operating Expenses Office supplies expense                   600        Rent expense                        1900Depreciation expenses                2500Total Operating Expenses                  -$5000Operating Income before tax                     $500        B)Owens Financial PlannersA Statement of Retained Earning’s as on December 31st 2017Beginning Retained Earnings                $4900Net Income                                    500Dividends paid                                 -2500Ending Retained Earnings                $2900C) Owens Financial PlannersBalance SheetAs on December 31st 2017Assets:Current Assets:Cash ( minus Depreciation expenses of $2500 ) $3900Account Receivables   1200Office Supplies   1800Total Current Assets $6900Non-Current Assets:Office Equipment ( minus accumulated depreciation $2500)  $5500Computer Equipment (minus accumulated depreciation  $1500)    4500Total Non-Current Assets:$10000Total Assets$16900Liabilities: Current Liabilities:Accounts Payable     $6000Unearned fee revenue      3000Total current Liabilities     $9000Share-Holders Equity:H.Owens Capital stock    $5000Beginning Retained earnings      4900Net Income        500Ending retained Earnings      2900Dividends paid      -2500    Total Share-Holders Equity    $7900Total Liabilities + S/H Equity    $16900Assets = Liabilities + S/H Equity $16900 = $9000+$7900.Question Two:A. Supplies Used during the Year.