Question

Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for anima
Prepare an unadjusted trial balance as of April 30. SPICEWOOD STABLES, INC. Unadjusted Trial Balance Debit Credit Cash Accoun
0 0
Add a comment Improve this question Transcribed image text
Answer #1
SPICEWOOD STABLES, INC
Unadjusted Trial Balance
April 30
Debit Credit
Cash ($330,000-$82,500+$11,500+$3,900-$2,860+$1,240-$5,700-$960-$15,800) $   238,820
Accounts receivable ($24,900-$1,240) $     23,660
Supplies $       4,700
Prepaid insurance $       5,700
Building $   165,000
Accounts payable ($4,700-$2,860+$1,940) $       3,780
Deferred revenue $       3,900
Notes payable (long term) $     82,500
Common Stock $   330,000
Service revenue   $     24,900
Rent revenue   $     11,500
Utilities expense ($960+$1,940) $       2,900
Salaries and wages expense $     15,800
Totals $   456,580 $   456,580

You can reach me over comment box, if you have any doubts. Please rate this answer

Add a comment
Know the answer?
Add Answer to:
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $210,000 of common stock on April 1. b. Acquired a barn for $140,000. On April 2, the company paid half the amount in cash and signed a three-year...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. Received contributions from investors and issued $200,000 of common stock on April 1. Acquired a barn for $142,000. On April 2, the company paid half the amount in cash and signed a three-year note payable...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $230,000 of common stock on April 1. b. Acquired a barn for $180,000. On April 2, the company paid half the amount in cash and signed a three-year...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $330,000 of common stock on April 1. b. Acquired a barn for $165,000. On April 2, the company paid half the amount in cash and signed a three-year...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. Received contributions from investors and issued $300,000 of common stock on April 1. Acquired a barn for $222,000. On April 2, the company paid half the amount in cash and signed a three-year note payable...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. Received contributions from investors and issued $160,000 of common stock on April 1. Acquired a barn for $230,000. On April 2, the company paid half the amount in cash and signed a three-year note payable...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $170,000 of common stock on April 1. b. Acquired a barn for $233,000. On April 2, the company paid half the amount in cash and signed a three-year...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. Received contributions from investors and issued $240,000 of common stock on April 1. Acquired a barn for $149,000. On April 2, the company paid half the amount in cash and signed a three-year note payable...

  • Revenue). Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides...

    Revenue). Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $170,000 of common stock on April 1. b. Acquired a barn for $233,000. On April 2, the company paid half the amount in cash and signed a...

  • Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables,...

    Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $290,000 of common stock on April 1. b. Acquired a barn for $182.000. On April 2, the company paid half the amount in cash and signed a three-year...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT