3. Salman Food Products LLC provides the following information and you are requested to prepare trial...
Problem 3-6 The following are the trial balance and the other information related to Pearl Perez, a consulting engineer. PEARL PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $29,500 Accounts Receivable 57,000 Allowance for Doubtful Accounts $815 Supplies 1,880 Prepaid Insurance 1,940 Equipment 30,300 Accumulated Depreciation-Equipment 7,575 Notes Payable 7,200 Owner’s Capital 36,778 Service Revenue 115,887 Rent Expense (13 months of rent) 10,595 Salaries and Wages Expense 34,700 Utilities Expenses 1,720 Office Expense 620 Totals $168,255 $168,255...
How do you fill out the income statement with the information above? Dawson, Inc. Trial Balances Dec 31, 2018 & 2017 Account # Account Description 1000 Cash 1050 Investments - Trading Prior Year Ending - FINAL 31-Dec-2017 Debit Credit 5,785,000 500,000 Current Year Ending - FINAL 31-Dec-2018 Credit 5,210,000 500,000 $ 15,000 3,800,000 5,000 4,900,000 140,000 220,000 1051 1100 1150 1200 1310 1320 1700 3,350,000 40,000 270,000 300,000 118,000 300,000 4,665,000 45,000 80,000 370,000 340,000 130,000 300,000 1720 1730 1810...
18,000 ACR7.1 (Perpetual Method) Jeter Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledgers for Jeter are indicated in the working papers presented below. Also below are a series of transactions for Jeter Co. for the month of January, Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 80% of the sales price. GENERAL LEDGER Account January...