Question

Current Attempt in Progress Everett Co. was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows Everett Co. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $8,700 Accounts Receivable 10,400 Supplies 1,500 Prepaid Rent 2.200 Equipment 18,000 Accumulated Depreciation-Equipment $ 0 Notes Payable 10,000 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1.900 Common Stock 22.000 Dividends 1.600 Service Revenue 16,000 Rent Revenue 1.410 Salaries and Wages Expense 8,000 Rent Expense 1.900 Depreciation Expense Supplies Expense Utilities Expense 1,510 Interest Expense $53.810 $53.810 Adjusted Dr. Cr. $8.700 11.500 650 1.200 18,000 $ 700 10,000 2.500 725 100 1,050 22.000 1,600 17.100 2.260 8,725 2.900 700 850 1.510 100 $ 56,435 $ 56,435 a)

Answer 1

8,700 11,500 650 1,200 17,300 39,350 Everett Co. Balance Sheet September 30, 2020. Assets Current assets: Cash $ Accounts receivable $ Supplies $ Prepaid rent $ Equipment $ 18,000 Accumulated depreciation-Equipment $ 700 $ Total assets $ Liabilities and Stockholders' Equity Liabilities. Accounts payable $ Salaries and wages payable $ Interest payable $ Unearned rent revenue $ Notes payable $ Total liabilities $ Stockholders' equity: Common stock $ 22,000 Retained earnings $ 2,975 Total stockholders' equity $ Total liabilities and stockholders' equity $ 2,500 725 100 1,050 10,000 14,375 24,975 39,350 Note : Do Comment For Any Further Assistance :)