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The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,000; Accounts Receivable, $7,000; Supplies, $17,000; Equipment, $100,000; Accumulated Depreciation, $35,000; Accounts Payable, $24,000; Salaries Payable, $14,000; Common Stock, $40,000; and Retained Earnings, LVVILUVVIVI VINTIVI Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash $ $ 24,000 3,000 7,000 17,000 Accounts Payable Salaries Payable Accounts Receivable 14,000 Supplies Total current assets 27,000 Total current liabilities 38,000 Stockholders' Equity Long-term assets: Equipment...
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not sure what is wrong here
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, S4100, Accounts Receivable, $8,100, Supplies, $18,100; Equipment, $111,000, Accumulated Depreciation, $10,500, Accounts Payable, $25,100, Salaries Payable, $15,100. Common Stock, $51,000, and Retained Earnings. Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Answer is not complete. BLUE DEVILS CORPORATION Balance Sheet...
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The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, $5,000: Accounts Receivable, $9,000, Supples, $19,000;, Equipment, $120,000 Accumulated Depreciation, $45,000; Accounts Payable, $26,000: Salaries Payable, $16,000, Common Stock, $60.000; and Retained Eamings, Prepare the December 31, 2018, classified balance sheet including the corect balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Assets Liabilities Current liabilities: Current assets Total current...
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The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash $5,000 Accounts Receivable, 50.000, Supplies, $18.000, Equipment, $120,000 Accumulated Depreciation, $45,000, Accounts Payable, 526.000: Salaries Payable, $16,000Common Stock, $60,000, and retained Earnings Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Current liabilities: Tot current set Toteurrent liabile Stockholders' Equity...
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Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) (The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Debit 12,000 150,000 6,000 30,000 400,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest...
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Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below,) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below Accounts Debit Credit 10,800 138,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 4,800 24,000 280,000...
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Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,800 4,589 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Sto Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9,500 3,500 25,000 150,000 45,000 350,000 250,000...
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Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
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The December 31, 2021, past-closing trial balance for Strong Corporation is presented below: Credit Debit $ 22,500 22,700 4,600 180,000 56,000 42,000 277,000 8 00:37:07 Accounts Cash Accounts receivable Prepaid insurance Supplies Long-Term Investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2022 Interest payable Notes payable, due 2031 Common stock Retained earnings Totals 88,000 37,700 69,000 15,000 128,000 200.000 67,100 $604,800 $604,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2021. (Amounts to be deducted...
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Preparing a Balance Sheet Sparrow Company had the following adjusted trial balance at December 31, 2019. Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,350 5,650 4,480 42,000 $24,000 3,000 4,450 3,875 8,000 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Taxes Expense 2,255 10,500 99,600 49,400 17,250 2,200 4,950 5,400 Totals $145,180 $145,180...
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,000; Accounts Receivable, $7,000; Supplies, $17,000; Equipment, $100,000; Accumulated Depreciation, $35,000; Accounts Payable, $24,000; Salaries Payable, $14,000; Common Stock, $40,000; and Retained Earnings, LVVILUVVIVI VINTIVI Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash $ $ 24,000 3,000 7,000 17,000 Accounts Payable Salaries Payable Accounts Receivable 14,000 Supplies Total current assets 27,000 Total current liabilities 38,000 Stockholders' Equity Long-term assets: Equipment...
not sure what is wrong here
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, S4100, Accounts Receivable, $8,100, Supplies, $18,100; Equipment, $111,000, Accumulated Depreciation, $10,500, Accounts Payable, $25,100, Salaries Payable, $15,100. Common Stock, $51,000, and Retained Earnings. Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Answer is not complete. BLUE DEVILS CORPORATION Balance Sheet...
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, $5,000: Accounts Receivable, $9,000, Supples, $19,000;, Equipment, $120,000 Accumulated Depreciation, $45,000; Accounts Payable, $26,000: Salaries Payable, $16,000, Common Stock, $60.000; and Retained Eamings, Prepare the December 31, 2018, classified balance sheet including the corect balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Assets Liabilities Current liabilities: Current assets Total current...
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash $5,000 Accounts Receivable, 50.000, Supplies, $18.000, Equipment, $120,000 Accumulated Depreciation, $45,000, Accounts Payable, 526.000: Salaries Payable, $16,000Common Stock, $60,000, and retained Earnings Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Current liabilities: Tot current set Toteurrent liabile Stockholders' Equity...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) (The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Debit 12,000 150,000 6,000 30,000 400,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below,) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below Accounts Debit Credit 10,800 138,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 4,800 24,000 280,000...
Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,800 4,589 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Sto Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9,500 3,500 25,000 150,000 45,000 350,000 250,000...
Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
The December 31, 2021, past-closing trial balance for Strong Corporation is presented below: Credit Debit $ 22,500 22,700 4,600 180,000 56,000 42,000 277,000 8 00:37:07 Accounts Cash Accounts receivable Prepaid insurance Supplies Long-Term Investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2022 Interest payable Notes payable, due 2031 Common stock Retained earnings Totals 88,000 37,700 69,000 15,000 128,000 200.000 67,100 $604,800 $604,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2021. (Amounts to be deducted...
Preparing a Balance Sheet Sparrow Company had the following adjusted trial balance at December 31, 2019. Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,350 5,650 4,480 42,000 $24,000 3,000 4,450 3,875 8,000 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Taxes Expense 2,255 10,500 99,600 49,400 17,250 2,200 4,950 5,400 Totals $145,180 $145,180...