Homework Answers
| Retained Earnings | |||
| 12/31. | $19,100 | 1/1 Bal. | $8,600 |
| 12/31. | $21,700 | ||
| 12/31. Bal. | $11,200 | ||
| ($11,200 = $8,600 + $21,700 - $19,100) | |||
| Dividends | |||
| 12/31 Bal. | $19,100 | 12/31. | $19,100 |
| Income Summary | |||
| 12/31. | $37,800 | 12/31. | $59,500 |
| 12/31 Bal. | $21,700 | ||
| ($21,700 = $59,500 - $37,800) | |||
| Service Revenue | |||
| 12/31 Bal. | $59,500 | 12/31. | $59,500 |
| Maintenance and Repair Expense | |||
| 12/31. | $1,800 | 12/31 Bal. | $1,800 |
| Depreciation Expense | |||
| 12/31. | $3,200 | 12/31 Bal. | $3,200 |
| Insurance Expense | |||
| 12/31. | $1,900 | 12/31 Bal. | $1,900 |
| Salaries and Wages Expense | |||
| 12/31. | $29,700 | 12/31 Bal. | $29,700 |
| Utilities Expense | |||
| 12/31. | $1,200 | 12/31 Bal. | $1,200 |
The second row figures for service revenue and for all expenses have zero figures so put blanks in second rows.
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FIX THE RED BOXES
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FIX RED BOXES
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Problem 4-03A a-d The completed financial statement columns of the worksheet for Bridgeport Company are as follows. Bridgeport Company Worksheet For the Year Ended December 31, 2019 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. 101 Cash 112 9,100 11,000 2,800 23,800 130 157 201 212 4,700 8,800 2,400 10,400 9,000 311 320 332 400 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs...
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