Question

Fix all the Terms and Numbers boxed in Red.

The Oriole Company opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Oriole Company Trial Balance May 31, 2022 Debit Credit Account Number 101 126 $ 4,060 2,420 2.784 130 140 13,920 69,600 141 149 16,320 200 201 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 $ 46,400 12,976 3,828 40,600 10,868 311 696 429 610 726 732 3,828 1.044 $114,672 $114,672

Answer 1

Orice Company Balance Sheet Assets 4060 870 Cain Supplies Prepaid Insurance Land 2552 13920 Building 69600 (290) 69310 less: Accumulted Depreciation - Building Equipment less: Accumulated Deprecktim - Equipment 16320 (130 16184 Total Assets 106896

Liabilities and stockholders Equity Liabilities Accounts Paychle 12976 Salaries and wages Payable 886 Uneained Rent Revenue 1276 Interest Payable 464 Notes Payable 46400 Total Liabilities 62001 Shareholder's Equity: Retained Ecuning 4295 4o 6oo Commin Stock 44895 Total Shareholders Equity 106896 Total liabilities and Equity