Eric Wood, CPA, was organized on January 1, 2015, as a proprietorship. List the 12 errors that you find in the following financial statements for the three months ended March 31, 2015.
Eric Wood, CPA Income Statement For the Three Months Ended March 31, 2015
Fees earned $42,000
Operating expenses:
Salary expense $9,735
Rent expense 5,200
Wages expense 3,950
Utilities expense 3,225
Miscellaneous expense 4,000
Answering service expense 2,550
Supplies expense 4,000
Total operating expenses $28,000
Net Income $14,000
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Eric Wood, CPA, was organized on January 1, 2015, as a proprietorship. List the 12 errors that you f...
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