Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 627

Financial StatementsOpen-Response Unit Assessment S/T Guide

Ava’s Interpreting Services

Income Statement

December 31, 20YY

Debit Credit

Revenues

Interpreting Services, Revenue

Expenses

Insurance Expense

Utility Expense

Office Supplies Expense

Depreciation Expense

Office Salaries Expense

Interpreter Subcontracted, Expense

Net Income

Total Debits & Credits

Tasks (cont’d)