Data Table Cash 10,000 Accounts receivable 18,900 Supplies 2,000 1,300 Prepaid rent Equipment 36,900 Accumulated depreciation-equipment...

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Data Table Cash 10,000 Accounts receivable 18,900 Supplies 2,000 1,300 Prepaid rent Equipment 36,900 Accumulated depreciation The adjusted trial balance for the year of Schneider Corporation at July 31, 2018, follows. Data Table E (Click the icon to v

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Answer 1

Answer #1

Schneider Corporation
Balance Sheet
July 31, 2018
Assets			Liabilities and Stockholders Equity
Cash		$10,000	Accounts Payable	$8,700
Accounts Receivable		$18,900	Interest Payable	$800
Supplies		$2,000	Unearned service revenue	$500
Prepaid Rent		$1,300	Income tax payable	$2,000
			Note payable	$18,400
			Total Liabilties	$30,400

Equipment	$36,900		Stockholders Equity
Less: Accumulated Depreciation - Equipment	($4,100)	$32,800	Common Stock	$11,000
			Retained Earnings	$23,600
			Total stockholders equity	$34,600
Total Assets		$65,000	Total Liabilities and Stockholders Equity	$65,000

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