Question

Homework - Ch 4 Saved 1 1 E4-1 Posting AJEs and Preparing an Adjusted Trial Balance (LO 4-3) 5.88 Gibson Company's adjusted balances at December 31, 2018 listed alphabeticaly were: points Accounts Payable 106,050 178,000 Depreciation Expense 1 Teeme Tax Payable Accounts Receivable 225,400 Common Stock 7233,370 Equipment 323,0401 Taterest Expense 17.2001 office passe 632,250 Retained Earriors 17 helated Depreciation 110,100 Deferred Revenue 33,500 Tecce Tax Expect 01 Sate Payable (long-ter) T200.000 60,000 Prepaid Rent 10,200 152,000 Service Bee 12,564,200 1,590,000 Supplies Bus 42,590 Bence 12, 2001 25,230 Gibson prepared, but did not yet post. additional adjusting journal entries (AJES) for $3,000 of depreciation and $26,200 of income taxes incurred but not yet paid. Required 1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2018 taking the additional adjusting journal entries into account. Solve for the 7th Retained Carrings GIBSON COMPANY Adjusted Trial Balance Al December 31, 2018 Prey 1 of 17 Next > MacBook Air esc 30 DOO OGO 14 44 F2 13 18 5V A # 3 $ 4 % 5 & 7 * 8 1 0 2 6 9 Q W E R T YU I O А S D F G H J 12 ము. మన ముందు L seg 7 X c VB N M.
help!

Answer 1

GIBSON COMPANY Adjusted Trail Balance At December 31, 2018
	DEBIT	CREDIT
Accounts Payable		$ 86,830
Accounts receivable	$ 225,400
Accumulated Depreciation - Equipment ( $ 18,100 + $ 3,000)		$ 21,100
Cash	$ 178,000
Common Stock		$ 233,370
Deferred Revenue		$ 32,500
Depreciation expense	$ 3,000
Equipment	$ 323,040
Income tax expense	$ 26,200
Income tax payable ( $ 26,200 + $ 2,030 )		$ 28,230
Interest expense	$ 17,200
Land	$ 60,000
Notes payable		$ 160,000
Office expense	$ 632,250
Prepaid rent	$ 10,200
Rent expense	$ 152,080
Salaries and wage expense	$ 1,590,000
Service Revenue		$ 2,564,200
Supplies	$ 12,200
Supplies expense	$ 42,590
Utilities Expense	$ 25,,230
Reatained Raenings - Balancing Fig.		$ 171,160
Total	$ 3,297,390	$ 3,297,390