Question

Please answer B3 Assets, Liability and stockholders equity.

Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. . 130 157 Ayayai Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,000 112 Accounts Receivable 10,500 126 Supplies 1,200 Prepaid Insurance 1,800 Equipment 26,500 158 Accumulated Depreciation-Equipment 5,000 200 Notes Payable 12,000 201 Accounts Payable 5,800 212 Salaries and Wages Payable 2,100 Interest Payable 500 311 Common Stock 9,500 320 Retained Earnings 3,000 Dividends 6,300 400 Service Revenue 61,100 610 Advertising Expense 8,000 631 Supplies Expense 3,700 Depreciation Expense 5,000 Insurance Expense 3,000 726 Salaries and Wages Expense 27,500 Interest Expense 500 Totals 99,000 99,000 230 332 711 722

Answer 1

Ayayai Company Balance Sheet As on December 31, 2019 Assets Current Assets Cash $5,000 Accounts Receivable 10,500 Supplies 1,200 Prepaid Insurance 1,800 Total Current Assets Non-Current Assets Equipment 26,500 Less: Accumulated Depreciation 5,000 Total Assets $18,500 21,500 $40,000 2,100 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $5,800 Unpaid Dividend -6,300 Salaries and Wages Payable 2,100 Interest Payable 500 Total Current Liabilities Non-Current Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock 9,500 Retained Earnings 16,400 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 12,000 14,100 25,900 $40,000 Notes: 1. Retained Earnings = Opening Retained Earnings + Net Income = 3,000+13,400 = 16,400 2. Notes Payable is assumed to be payable after one year.