Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts...
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3. Accounts Payable $113,880 Equipment 422,800 Common Stock 226,800 Income Tax Payable 4,020 Retained Earnings 55,900 Notes Payable, due Year 5 344,400 Accounts Receivable ! 203,700 Cash 97,700 Required: Prepare a classified balance sheet at June 30, Year 3. EVAN MCGRUDER, INC. Balance Sheet Balance Sheet
Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts Payable $116,180 Equipment 422,300 Common Stock 203,500 Income Tax Payable 3,970 Retained Earnings 55,400 Notes Payable, due Year 5 343,900 Accounts Receivable 203, 200 Cash 97,450 Required: Prepare a classified balance sheet at December 31, Year 3. EVAN MCGRUDER, INC. Balance Sheet The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3: Accounts Payable Accounts Receivable Cash...
TER 3 ASSIGNMENT J Nursery, Inc, listed the following account balances at December 31 2018, the end of ts fiscal year cash, The trial balance for K and $16,000, accounts receivable, $11000, inventories, $25,000 equipment (net), $80000, accounts payable. $14.000: wages payable $9,000, nterest payable, $1,000, note payable (due in 18 months), $30000, common stock $50,000 Prepare a classified balance sheet for K and J Nursery, Inc The equipment originaly cost $140,000 (Amounts to be deducted should be indicated by...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $16,000, accounts receivable. $11,000. Inventories, $25.000, equipment (net) $80,000, accounts payable, $14,000wages payable. $9.000, interest payable, $1,000, note payable (due in 18 months). $30,000, common stock, $50,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $140,000. (Amounts to be deducted should be indicated by a minus sign.) K...
following accounts belong to Jedi's Restaurant. Inc. as of December account balances: s of December 31, 2019. Using these 1. Prepare the income statement of Jedi's Restaurant, Inc. for 4 2. Prepare the balance sheet of Jedi's Restaurant, Inc. for 201 of Jedi's Restaurant, Inc. for 2019 in account form 2019 Accounts Sales Revenue Depreciation expense Cost of sales Operating expenses Interest expense Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Tax rate of...
The following information is for Evan Inc. as of 12/31/20xx Partial Unadjusted Trial Balance: Accounts Normal Balance Notes Payable $20,000 Equipment $80,000 Prepaid Rent $10,658 Inventory $9,000 Common Stock $10,2 Supplies $40,000 Deferred Revenue $10,193 Retained Earnings $35,000 What is the total dollar ($) amount of Liability Accounts assuming the accounts above reflect normal balances?
Bartowski Enterprises, Inc. Account balances as of the year ended 12/31/17 Accounts payable 22000 Accounts receivable 35000 Accumulated depreciation 45000 Advertising expense 6100 Cash 30000 Common stock 20000 Cost of goods sold 120000 Depreciation expense 2000 Dividends 40000 Equipment 100000 Insurance expense 4800 Interest expense 4000 Inventory 14600 Miscellaneous expense 1500 Note payable 50000 Payroll tax expense 5000 Payroll taxes payable 800 Prepaid insurance 2000 Rent expense 12000 Retained earnings, January 1 39500 Salaries expense 50000 Salaries payable 4000...
The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3. Accounts Payable Accounts Receivable Cash Common Stock Equipment Logo and Trademarks Long-term Notes Payable Retained Eamings Software $ 369,600 84,000 741,100 687,600 61,800 425,000 270,600 119,600 135,500 The company entered into the following transactions during July, Year 3. Stockholders contribute $470.000 cash for additional ownership shares and the company borrows $235,000 in cash from a bank to buy new equipment by signing a...
Geo Inc. had the following account balances on January 1, Year 2- Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 701 1.400 1.400 10,000 1,300 2,600 3.411 3,900 580 A Paid $701 on account for utilities that were used during December Year 1 B. Purchased $443 of supplies for cash. C. Signed a rental agreement for office space and paid $4,300 in advance for six months of rent beginning February...
The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal. Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue $ 3, 2ee 9.389 3,280 3,880 3. see 1.800 1.489 1,880 1.800 1.888 1.780 3. lee 5,600 18.789 2.18 Required: a. Prepare the closing...