Accounting

Accounting - Chapter 7

Chapter Objectives

  • Prepare an income statement for a service business.
  • Calculate and analyze financial ratios using income statement amounts.
  • Prepare a statement of owner’s equity.
  • Prepare a balance sheet for a service business organized as a proprietorship.

Financial Statements for a Proprietorship

Chapter 7 PowerPoint

7-1 | 7-2

Chapter 7 Quizlet

View

Application Problem 7-1

Download

Application Problem 7-2

Download

Think Like An Accountant

Download