Question

P Tong and Company ACCOUNTS WORK SHEET Year Ended December 31, 20-4 ADJUSTMENTS INCOME STATEMENT BALANCE SHEET DEBIT | CREDIT
A. Using the additional information given below, complete the eight-column work sheet.


Additional Information 1. The value of the supplies on hand at the year-end amounted to $700.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

As requested, Balance sheet of P.Tang and Company was presented belowP.Tang and Company Accounts Bank Accounts Receivable Supplies Prepaid Insurance Equipment Automobile Accounts Payable P Tang

Add a comment
Know the answer?
Add Answer to:
P Tong and Company ACCOUNTS WORK SHEET Year Ended December 31, 20-4 ADJUSTMENTS INCOME STATEMENT BALANCE...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Bolton Consulting Work Sheet For the year ended December 31 Balance Sheet and Statement of Stockholders...

    Bolton Consulting Work Sheet For the year ended December 31 Balance Sheet and Statement of Stockholders Income Statement Equity Adjusted Unadjusted Trial Trial Balance Adjustments Balance Account Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Cash 31,000 Accounts Receivable 8,000 Supplies 12,500 Automobiles 175,000 Accum. Depr. - Autos 52,000 17,500 Accounts payable Unearned 26,500 fees Salaries payable Capital Stock 58.000 Dividends 42,500 241,750 Fees earned Salary 91,000 Module 8: Portfolio Project 262020 expense Rent expense 35,750 Advertising expense...

  • Complete the sheet N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT...

    Complete the sheet N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT CREDIT ACCOUNTS Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payoble GST Recoverable PST Payable N. Foreman, Capital N. Foreman, Drawings Fees Revenue Bank Charges Cor Expense Miscellaneous Expense Light and Heat Expense Rent Expense Telephone Expense Woges Expense WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT Iz 5020 1537510 1250 - 18500 293 00 88 30 0 0...

  • 3. The trial balance for Collision Bodywork and Repairs for the year ended December 31, 20—,...

    3. The trial balance for Collision Bodywork and Repairs for the year ended December 31, 20—, is given below. Collision Bodywork and Repairs Trial Balance December 31, 20— DR 723.50 23 356.05 I 420.00 54 000.00 102 500.00 35 256.20 25 750.00 $ 30 000.00 5 365.25 I 175.58 787.50 Bank Accounts Receivable Supplies Land Building Automobiles Equipment Bank Loan Accounts Payable GST Payable GST Recoverable PST Payable B. Hughes, Capital B. Hughes, Drawings Revenue - Bodywork Revenue — Repairs...

  • Month Ended October 31, 20 The Arthur Company BALANCE SHEET DEBIT CREDIT 172 216 106 -...

    Month Ended October 31, 20 The Arthur Company BALANCE SHEET DEBIT CREDIT 172 216 106 - xercise 4, p. 262 ACCOUNTS Bank WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT 17/2216 1116 - 1721 323 - 1255 - 5863 132 0 0 - 0 0 6 42 420 72 33019 10 0 0 0 - 10 5 0 482 1000 0 0 0 - 490317 490317 |4|65|12| 14/6512 [270- AR — H Chon A/R - M. Watson A/R...

  • End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account...

    End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 8,613 8,613 Dividends 1,000 1,000 Fees Earned 43,425 43,425 Wages Expense 19,913 19,913 Rent Expense 6,820 6,820 Depreciation Expense 4,305 4,305 Totals 75,038 75,038 31,038 43,425...

  • For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit...

    For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 8,004 8,004 Dividends 1,000 1,000 Fees Earned 44,669 44,669 Wages Expense 21,425 21,425 Rent Expense 6,067 6,067 Depreciation Expense 4,181 4,181 Totals 75,673 75,673 31,673 44,669 44,000 31,004...

  • Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial...

    Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Debit Credit 48,000 Debit Credit Credit Debit 48,000 18,000 6,000 57,000 18,000 6,000 57,000 18,000 18,000 25,000 25,000 6,000 6,000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income (Loss) 30,000 30,000 3,000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 15.000...

  • Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial...

    Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Debit Credit 48,000 Debit Credit Credit Debit 48.000 18,000 6.000 57,000 18,000 6.00 57.000 18,000 18.000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Eamings Dividends 25,000 25,000 6,000 6,000 30,000 30,000 3.000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income Loss) 15,000...

  • Statement of Retained Earnings For the year ended December 31, 2017 Classified Balance Sheet December 31,...

    Statement of Retained Earnings For the year ended December 31, 2017 Classified Balance Sheet December 31, 2017 (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not need to use all of the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) James Company Adjusted Trial Balance December...

  • Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance...

    Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 10,765 10,765 Dividends 1,000 1,000 Fees Earned 42,594 42,594 Wages Expense 20,402 20,402 Rent Expense 6,087 6,087 Depreciation Expense 5,870 5,870 Totals 76,359 76,359...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT