Question

im not sure on some of these answers. can you please help me?

2. Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. 1.5 points Credits $ 136,000 29,400 26,400 BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 14.400 Accounts Receivable 25,600 Supplies 32,600 Prepaid Insurance 5,400 Equipment 425,000 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 24,400 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 144,000 Supplies Expense 269,00 Depreciation Expense 34,000 Insurance Expense 23,400 Utilities Expense 40,400 Interest Expense Service Fee Expense 57.000 Totals $1,101.800 3,400 110,000 120,000 49,60 370,000 257,000 $1,101,800

Answer 1

$ 6,27,000 Income statement Servic Revenue-New construction $ 3,70,000 Servic Revenue- Remodeling $ 2,57,000 Total Revenue Expenses: Salaries Expenses $ 1,44,000 Supplies Expenses $ 2,69,000 Depreciation Expenses $ 34.000 Insurance Expenses $ 23,400 Utilities Expenses $ 40,400 Interest Expenses $ 6,600 Service Fee Expenses $ 57,000 Total Expenses Net Income $ 5,74,400 52,600 $ Particulars Balance January 1 Common Stock Retained Earnings Total Stockholder's Equity $ 1,20,000 $ 49,600 $ 1,69,600 $ $ 52,600 $ 52,600 $ 24,400 $ -24,400 $ 1,20,000 $ 77,800 $ 1.97.800 Add: Net Income Less:Dividend Balance December 31

Assets Current Assets: Cash $ Accounts Receivable $ Supplies $ Prepaid Insurance $ Total Currnt Assets Plant,property and Equipment Equipment $ Less:Accumulated Depreciation $ 14,400 25,600 32,600 5,400 $ 59,200 Balance sheet Liabilities & stockholder's Equity Current Liabilities: Accounts Payable $ 29,400 Salaries Payable $ 26,400 Utilities payable $ 3,400 Total current Liabilities 78,000 Non current Liabilities: Notes Payable Stockholder's Equity 2,89,000 Common Stock $ 1,20,000 Retained Earnings $ 77,800 Total stockholder's Equity 3,67,000 Total Liabilities & stockholder's Equity $ $ 1,10,000 4,25,000 -1,36,000 $ $ 1,97,800 $3,67,000 Total Assets $