Question

Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Account No. 101 112 126 130 Receivable 200 Pina Colada Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Dr. Cash 5,200 Accounts Receivable 10,800 Supplies 1,200 Prepaid Insurance 2,100 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 14,000 Accounts Payable 6,300 Salaries and Wages Payable 2,300 Interest Payable 600 Common Stock 9,750 Retained Earnings 2,850 Dividends 6,500 Service Revenue 60,900 Advertising Expense 8,200 Supplies Expense 4,000 Depreciation Expense 5,600 Insurance Expense 3,000 Salaries and Wages Expense 28,100 Interest Expense 600 Totals 102,300 102,300 610 631 711 722 726 905

Answer 1

Assets
Current Assets
Cash				$   5,200.00
Accounts Receivable				$ 10,800.00
Supplies				$   1,200.00
Prepaid Insurance				$   2,100.00
Total Current Assets					$ 19,300.00
Non- Current Assets
Equipment				$ 27,000.00
Less: Accumulated Dep				$   5,600.00	$ 21,400.00
Total Assets					$40,700.00
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable				$   4,000.00
Accounts Payable				$   6,300.00
Salaries and Wages Payable				$   2,300.00
Interest Payable				$      600.00
Total Current Liabilities					$ 13,200.00
Non-Current Liabilities
Notes Payable					$ 10,000.00
Total Liabilities					$ 23,200.00
Stockholder's Equity
Common Stock				$   9,750.00
Retained Earnings				$   7,750.00
Total Stockholder's Equity					$ 17,500.00
Total Liabilities and Equity					$40,700.00

	W.N
	Statement of Retained Earnings
	Beginning Balance		$   2,850.00
Add:	Net Income		$ 11,400.00
Less:	Dividend		$   6,500.00
	Ending Balance		$   7,750.00