Catena’s Marketing Company has the following adjusted trail balance at the end of the current ear. Cash dividends at $600 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below
Adjusted Trail Balance
End of the current year
debit credit
Cash 1,500
Account receivable 2,200
Interest receivable 100
Prepaid Insurance 1,600
Long-term notes receivable 2,800
Equipment 15,290
Accumulated depreciation 3,000
Accounts payable 2,400
Dividends payable 600
Accrued expense payable 3,920
Income tax’s payable 2,700
Unearned rent revenue 500
Common stock (800 shares) 80
Additional paid in capital 3,620
Retained Earning 1,400
Sales revenue 38,500
Interest revenue 100
Rent revenue 800
Wages expense 19,500
Depreciation expense 1,800
a. Compute total assets for Catena's Marketing Company based on the adjusted traial balance.
Total Assets { ? }
Particulars | Amount | Amount |
Cash | $1,500 | |
Account receivable | $2,200 | |
Interest receivable | $100 | |
Prepaid Insurance | $1,600 | |
Long-term notes receivable | $2,800 | |
Equipment | $15,290 | |
Less: Accumulated depreciation | ($3,000) | $12,290 |
Total Assets | $20,490 |
Total assets for Catena's Marketing Company based on the adjusted trial balance is $20490
Catena’s Marketing Company has the following adjusted trail balance at the end of the current ear....
Q-4. Canena’s Marketing Company has the following adjusted trail balance at the end of the current year. Cash dividends at $600 were declared at end of the year, and 500 additional shares of common stock ($.10 per value) were issued at the end of the year for $3,000 in cash (For a total at the end of the year of 800 shares). These effects are below. Adjusted Trail Balance (?) End of the current year (?) debit credit Cash ...
Q-4. Canena’s Marketing Company has the following adjusted trail balance at the end of the current year. Cash dividends at $600 were declared at end of the year, and 500 additional shares of common stock ($.10 per value) were issued at the end of the year for $3,000 in cash (For a total at the end of the year of 800 shares). These effects are below. Adjusted Trail Balance (?) End of the current year (?) debit credit Cash ...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 600 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,400 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 570 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,970 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,640 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena's Marketing Company has the following adjusted trial balance at the...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 640 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,930 in cash (for a total at the end of the year of 830 shares). These effects are included below: Prepare the closing entry at the end of the current year....
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
Chapter 4 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,640 in cash (for a total at the end of the year of 810 shares). These effects are included below: Catena's Marketing Company has the following adjusted trial balance...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared at the end of the year, and 600 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,400 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
2 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 810 shares). These effects are included below: 15 points eBook Print References Catena's Marketing Company Adjusted Trial...