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Specialty Deck | ||
Trial Balance | ||
Account Titles | Debit | Credit |
Cash | 19,200.00 | |
Accounts Receivable | 5,300.00 | |
Equipment | 30,800.00 | |
Accounts Payable | 4,300.00 | |
Note Payable | 21,000.00 | |
Common Stock | 16,200.00 | |
Retained Earnings | 7,800.00 | |
Dividends | 3,100.00 | |
Service Revenue | 20,500.00 | |
Salaries Expense | 8,400.00 | |
Delivery Expense | 700.00 | |
Utilities Expense | 2,300.00 | |
Total | 69,800.00 | 69,800.00 |
- | ||
Income Statement | Amount $ | |
Service Revenue | 20,500.00 | |
Total revenue | 20,500.00 | |
Less: Expenses | ||
Salaries Expense | 8,400.00 | |
Delivery Expense | 700.00 | |
Utilities Expense | 2,300.00 | |
Total Expenses | 11,400.00 | |
Net Income | 9,100.00 | |
Statement of Retained Earnings | Amount $ | |
Retained Earnings- Opening Balance | 7,800.00 | |
Add: Net Income | 9,100.00 | |
Less: Dividends | (3,100.00) | |
Retained Earnings- Closing balance | 13,800.00 | |
Balance Sheet | Amount $ | Amount $ |
Assets | ||
Current Assets | ||
Cash | 19,200.00 | |
Accounts Receivable | 5,300.00 | |
Total Current Assets | 24,500.00 | |
Plant Property & Equipment | ||
Equipment | 30,800.00 | |
Total Plant Property & Equipment | 30,800.00 | |
Total Assets | 55,300.00 | |
Liabilities & Stockholder's Equity | Amount $ | Amount $ |
Liabilities | ||
Current Liabilities | ||
Accounts Payable | 4,300.00 | |
Total Current Liabilities | 4,300.00 | |
Non Current Liabilities | ||
Note Payable | 21,000.00 | |
Total Non Current Liabilities | 21,000.00 | |
Total Liabilities | 25,300.00 | |
Stockholder's Equity | ||
Common Stock | 16,200.00 | |
Retained Earnings | 13,800.00 | |
Total Stockholder's Equity | 30,000.00 | |
Total Liabilities & Stockholder's Equity | 55,300.00 |
Questione The mounts of Specialty Deck Service, Ino, follow with their normal balances at April 30,...
The accounts of this company, follow with their normal balances at April thirty two thousand and eighteen The accounts are listed in no particular order. 1. Prepare the corp's trial balance at April thirty, two thousand and eighteen, listing accounts in proper sequence. For example, Accounts Receivable comes before Equipment. List the expense with the largest balance first, the expense with the next largest balance second, and so on. Select the accounts that will be listed on the trial balance;...
ad * Data Table con Account piva with 4,800 beli st, the pense o lis ps la Dividends. Utilities expense Accounts receivable .. Delivery expense .. Retained earnings. Salary expense.......... Balance Account Balance 3,700 Common stock. ......... $ 16,600 1,300 Accounts payable ....... 5,400 Service revenue ......... 20,900 · 600 Equipment ............. 29,800 3,900 Note payable 22,500 ... 8,500 Cash... 19,400 e Dech Trial April * * * *** w Click the icon to view the accounts.) Read the requirements...
Data Table Account Balance Account Balance Utilities expense Accounts receivable Delivery expense Retained earnings.... 4,800 20,800 750 Equipment29,400 24,500 19,300 1,750 Note payable.... 8,700 Cash Print Done Requirements 1. Prepare the company's trial balance at April 30, 2016, listing accounts in proper sequence. For example, Accounts Receivable comes before Equipment. List the expense with the largest balance first, the expense with the next largest balance second, and so on. 2. Prepare the financial statement for the month ended April 30,...
The accounts of Able Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts anellsted in no particular order. (Click the icon to view the count bales) Read the quirements i Data Table Requirement 1. Prepare the company's trial balance al March 31, 2018, listing accounts in the proper order. Lis. the largest expense firel, the second largest experiee next, and so on. i Requirements Account Balance Able Computer Repair, Inc. Trial Balance March 31, 2018...
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $40,140 at May 1, 2018, the beginning of the year, and the owner withdrew $21,300 during the year. Accounts payable $13,890 Accounts receivable Cash Fees earned 74,370 150,130 528,100 4,100 68,390 Miscellaneous expense Rent expense Supplies 6,470 Supplies expense 10,940...
The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings was $145,000 at May 1, 2017, the beginning of the year, and dividends of $40,000 were paid during the year. Accounts payable $25,000 Accounts receivable 210,000 Cash 146,000 Common stock 35,000 Fees earned 875,000 Miscellaneous expense 15,000 Rent expense 75,000 Supplies 9,000 Supplies expense 12,000 Taxes expense 10,000...
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $55,180 at May 1, 2018, the beginning of the year, and the owner withdrew $25,900 during the year. Accounts payable Accounts receivable $19,560 104,700 211,350 Cash Fees earned 726,100 Miscellaneous expense 5.540 Rent expense 94,030 Supplies 9.100 Supplies expense 15,040...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
Selected accounts of Sparkle Electrical, Inc., at April 30, 2018, follow. B (Click the icon to view the accounts.) Read the requirements Requirement 1. Prepare the entity's closing entries, Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Apr Close out the expense accounts Journal Entry Account Nate Nehit Credit Choose from any list or enter any number in the input fields and then continue...
2.17 (LO 4) AP Use the ledger balances that follow to prepare a trial balance for Pettipas Company at April 30, 2021. All account balances are normal. Prepare trial balance. Accounts payable $ 3,300 Prepaid rent $ 800 Accounts receivable 5,000 Rent expense 4,500 C. Pettipas, capital 22,500 Salaries expense 1,000 C. Pettipas, drawings 1,100 Service revenue 8,000 Cash 6,400 Supplies 650 Equipment 14,600 Unearned revenue 250