Question

Udily II, CPA, IOU IUIUWilly Pallidl WUINS een (Click the icon to view the partial worksheet.) Read the requirements. Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Candy Elton, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Debit Credit Statement Account Names Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation Furniture Accounts Payable Utilities Payable 46,500 13.400 1,000 8,600 20,000 140,000 1,350 24,000 1,500 4,200 550 Enter any number in the edit fields and then click Check Answer. 5 parts

Answer 1

Income Statement Debit Credit Candy Elton, CPA Account Names Cash Accounts Receivable Office Supplies Prepaid Rent Land Buildings Accumulated Depreciation-Buildings Furniture Accumulated Depreciation-Furniture Accounts Payable Utilities Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense- Buildings Depreciation Expense - Furniture Interest Expense Totals Net Income or Loss Totals Adjusted TB Debit Credit 46,500 13,400 1,000 8,600 20,000 140,000 1,350 24,000 1,500 4,200 550 4,300 900 5,200 21,000 112,000 133,750 33,000 98,400 38,400 35,300 200 19,000 1,350 1,500 900 383,150 383,150 Balance Sheet Debit Credit 46,500 13,400 1,000 8,600 20,000 140,000 1,350 24,000 1,500 4,200 550 4,300 900 5,200 21,000 112,000 133,750 33,000 98,400 38,400 35,300 200 19,000 1,350 1,500 900 96,650 1,750 98,400 98,400 286,500 284,750 1,750 286,500 98,400 286,500