Question

Alphas Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the triaJournalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (Credit account titles are autPrepare an adjusted trial balance. ALPHA GRAPHICS Adjusted Trial Balance June 30, 2020 Debit Credit Supplies 1800 Supplies ExPrepare an income statement for the 6 months ended June 30. ALPHA GRAPHICS Income Statement For the Six Months Ended June 30,Prepare a statement of financial position at June 30. (List Current Assets in reverse order of liquidity.) ALPHA GRAPHICS Sta

0 0
Add a comment Improve this question Transcribed image text
Answer #1

A C €46,000 €9,000 €16,500 €1,800 €1.800 €75.100 11 B ALPHA GRAPHICS Statement of Financial Position June 30, 2020 Assets 5 E

If you have any doubts ask in comments section

Do rate the answer

Add a comment
Know the answer?
Add Answer to:
Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the...

    Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. € 18,000 8.700 22,000 62,500 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits €9,000 Notes Payable 14,300 Accounts Payable 47,000 Share Capital-Ordinary 2,400 Service Revenue 29,700 3,500 2,000 1,600 1,700 €111,200 €111.200 Analysis reveals the following additional data 1. The...

  • Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the...

    Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. € 18,000 8,700 22,000 62,500 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits € 9,000 Notes Payable 14,300 Accounts Payable 47,000 Share Capital-Ordinary 2,400 Service Revenue 29,700 3,500 2,000 1,600 1,700 €111,200 €111,200 Analysis reveals the following additional data. 1....

  • Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the...

    Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. € 16,000 9,400 21,600 59,400 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits € 8,400 Notes Payable 13,800 Accounts Payable 43,000 Share Capital-Ordinary 2,400 Service Revenue 30,100 3,600 2,100 1,600 1,400 €106,400 €106,400 Analysis reveals the following additional data. 1....

  • Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the...

    Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits € 9,000 Notes Payable 14,300 Accounts Payable 47,000 Share Capital-Ordinary 2,400 Service Revenue 29,700 3,500 € 18,000 8,700 22,000 62,500 2,000 1,600 1,700 €111,200 €111,200 Analysis reveals the following additional data. 1....

  • 9,000 1,900 Credit 10 in Irunt om 101 Debit nog sted 000.00 Cash € 8,600 Notes...

    9,000 1,900 Credit 10 in Irunt om 101 Debit nog sted 000.00 Cash € 8,600 Notes Payable € 20,000 Accounts Receivables como 14,000 Accounts Payable Equipment in cor 45,000 Share Capital-Ordinary 22,000 Insurance Expense olm 2,700 Service Revenue 58,100 Salaries and Wages Expense 30,000 10 Supplies Expense 3,700 Advertising Expense Rent Expense 1,500 Utilities Expense 1,700 €109,100 €109,100 wolnemu wolle Analysis reveals the following additional data. 1. The €3,700 balance in Supplies Expense represents supplies purchased in January. At June...

  • Question 5 of / < -/1 Splish Brothers Company was organized on April 1, 2020. The...

    Question 5 of / < -/1 Splish Brothers Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $7,000 580 600 900 12,500 500 7.600 1,800 700 100 400 80 $32.760 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable...

  • Wildhorse Co. was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted...

    Wildhorse Co. was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Debits Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Credits R$ 6,600 Accumulated Depreciation Equipment R$ 800 680 Notes Payable 4,100 1,000 Accounts Payable 900 900 Salaries and Wages Payable 400 11,900 Interest Payable 70 400 Unearned Rent Revenue 300 7,200...

  • Question 7) Astro Consulting had the following trial balance on June 30, 2020: Debit Credit $25,850...

    Question 7) Astro Consulting had the following trial balance on June 30, 2020: Debit Credit $25,850 7.000 2.000 2,640 15.000 S 1.000 4,540 5.200 0 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depreciation Equip Accounts Payable Uneared Service Revenue Utilities Payable Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Depreciation Exp.-Equip. Insurance Expense Utilities Expense Supplies Expense Rent Expense 21.750 19.000 8.000 4,000 1.000 2.000 $59.490 $59.490 The following data was available on June 30: 1) Supplies...

  • Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and...

    Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows. Blossom Company Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,800 Accounts Receivable 10,400 Supplies 1,550 Prepaid Rent 2.250 Equipment 18,900 Accumulated Depreciation Equipment $ 0 Notes Payable 9,200 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,900 Common Stock 22,400 Dividends 1,650 Service Revenue...

  • View Policies Current Attempt in Progress Splish Brothers Company was organized on April 1, 2020. The...

    View Policies Current Attempt in Progress Splish Brothers Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $7,000 580 600 900 12,500 500 7,600 1,800 700 100 400 80 $32,760 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT