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Make a balance sheet
Credit Debit $5,000 500 4,000 20.000 Account Title Cash Prepaid insurance Notes...
Also, how would you make a balance sheet? Use the following adjusted trial balance of Sierra...
Also, how would you make a balance sheet?
Use the following adjusted trial balance of Sierra Company to prepare its (1) income statement and (2) statement of owner's equity for the year ended December 31. The H. Sierra, Capital account balance was $10,500 on December 31 of the prior year. Credit Debit $ 5,000 500 4,000 20,000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H....
The following is the adjusted trial balance of Susan Company. Account Title Cash Prepaid insurance Notes...
The following is the adjusted trial balance of Susan Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $15,000 1,000 5,000 45,000 $17,000 5,000 5,500 7,500 10,500 3,500 34,500 4,000 4,500 2,000 $80,000 $80,000 Required 1) Prepare an income statement for the year ended December 31. 2) Prepare a statement...
Required information Use the following information for Quick Studies below. [The following information applies to the...
Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company. The Retained Earnings account balance was $5,500 on December 31 of the prior year. Credit Debit $ 5,600 500 4,000 20,000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages...
Required information [The following information applies to the questions displayed below.] The following is the adjusted...
Required information [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $13,000 900 4,800 40,000 $16,000 4,500 5,000 7,000 9,500 3,000 29,500 3,900 4,000 1,900 $71,500 $71,500 Required (1) Prepare an income...
[The following information applies to the questions displayed below.) The following is the adjusted trial balance...
[The following information applies to the questions displayed below.) The following is the adjusted trial balance of Susan Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $15,000 1,ᎾᎾᎾ 5,000 45,000 $17,000 5,000 5,500 7,500 10,500 3,500 34,500 4,000 4,500 2,000 $80,000 $80,000 Required (1) Prepare an income statement for...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
help please thank you Required information SIERRA COMPANY Balance Sheet December 31 Total current assets Total...
help please thank you
Required information SIERRA COMPANY Balance Sheet December 31 Total current assets Total assets Total liabilities Total equity Total liabilities and equity CIT05 NUMEWUIK 1 I ...*********************................................********************.................................********************...............................************************ Required information Use the following information for Quick Studies below. . (The following information applies to the questions displayed below.) Part 2 of 2 The following is the adjusted trial balance of Sierra Company. points eBook Hint Print References Account Title Cash Prepaid insurance Notes receivable (due in 5 years)...
Credit ABC Business Services Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Cash $20.000...
Credit ABC Business Services Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Cash $20.000 Accounts Receivable 14,000 Equipment 50,000 Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Common Stock . Retained Earnings Dividends 5,000 Service Revenue Advertising Expense 4,000 Depreciation Expense - Equipment 8,000 Insurance Expense 4,500 Salaries Expense 15.000 Total $120,500 $17.500 10,000 9,000 30,000 5,000 49.000 $120.5.09 Adjustment data at December 31 follows: a. Depreciation for the equipment is $4,000. b. As of December 31, 2018,...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
2 WE yeyeuse years H. Sierra, Capital H. Sierra, withdrawals Consulting revenue Mages expense Depreciation expense-Buildings...
2 WE yeyeuse years H. Sierra, Capital H. Sierra, withdrawals Consulting revenue Mages expense Depreciation expense-Buildings Insurance expense Totals 24,000 5,500 54,5ee 4,400 6,500 2,400 $114,000 $114,00 23 points Book QS 4-10 Preparing financial statements LO C2 Hi Required (1) Prepare an income statement for the year ended December 31, (2) Prepare a statement of owner's equity for the year ended December 31 Complete this question by entering your answers in the tabs below. Beferences Required: Required 2 Prepare an...
Also, how would you make a balance sheet?
Use the following adjusted trial balance of Sierra Company to prepare its (1) income statement and (2) statement of owner's equity for the year ended December 31. The H. Sierra, Capital account balance was $10,500 on December 31 of the prior year. Credit Debit $ 5,000 500 4,000 20,000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H....
The following is the adjusted trial balance of Susan Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $15,000 1,000 5,000 45,000 $17,000 5,000 5,500 7,500 10,500 3,500 34,500 4,000 4,500 2,000 $80,000 $80,000 Required 1) Prepare an income statement for the year ended December 31. 2) Prepare a statement...
Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company. The Retained Earnings account balance was $5,500 on December 31 of the prior year. Credit Debit $ 5,600 500 4,000 20,000 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages...
Required information [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $13,000 900 4,800 40,000 $16,000 4,500 5,000 7,000 9,500 3,000 29,500 3,900 4,000 1,900 $71,500 $71,500 Required (1) Prepare an income...
[The following information applies to the questions displayed below.) The following is the adjusted trial balance of Susan Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $15,000 1,ᎾᎾᎾ 5,000 45,000 $17,000 5,000 5,500 7,500 10,500 3,500 34,500 4,000 4,500 2,000 $80,000 $80,000 Required (1) Prepare an income statement for...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
help please thank you
Required information SIERRA COMPANY Balance Sheet December 31 Total current assets Total assets Total liabilities Total equity Total liabilities and equity CIT05 NUMEWUIK 1 I ...*********************................................********************.................................********************...............................************************ Required information Use the following information for Quick Studies below. . (The following information applies to the questions displayed below.) Part 2 of 2 The following is the adjusted trial balance of Sierra Company. points eBook Hint Print References Account Title Cash Prepaid insurance Notes receivable (due in 5 years)...
Credit ABC Business Services Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Cash $20.000 Accounts Receivable 14,000 Equipment 50,000 Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Common Stock . Retained Earnings Dividends 5,000 Service Revenue Advertising Expense 4,000 Depreciation Expense - Equipment 8,000 Insurance Expense 4,500 Salaries Expense 15.000 Total $120,500 $17.500 10,000 9,000 30,000 5,000 49.000 $120.5.09 Adjustment data at December 31 follows: a. Depreciation for the equipment is $4,000. b. As of December 31, 2018,...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
2 WE yeyeuse years H. Sierra, Capital H. Sierra, withdrawals Consulting revenue Mages expense Depreciation expense-Buildings Insurance expense Totals 24,000 5,500 54,5ee 4,400 6,500 2,400 $114,000 $114,00 23 points Book QS 4-10 Preparing financial statements LO C2 Hi Required (1) Prepare an income statement for the year ended December 31, (2) Prepare a statement of owner's equity for the year ended December 31 Complete this question by entering your answers in the tabs below. Beferences Required: Required 2 Prepare an...
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