Adjusted trial balance

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Adjusted trial balance

prepare an income statement, a balance sheet and an owners equity statement from the adjusted trial balance of the Choi Company.choi company.jpg
Adjusted trial balance

Can someone please let me know if I have done these adjustments right and if you can explain the last adjustment with the disposal of the vehicleAdjustments:Interest owing on loan $4000Wages owing to employees $10000Additional bad debts to be written off (inclusive of GST) $5500Provision for doubtful debts to be equal to 4% of debtorsCommission revenue yet to be received $5100The provision for long service leave is to be increased by 3% of all salaries and wagesProvision for annual leave...
Use the adjusted trial balance figures to prepare a balance sheet. ADJUSTED TRIAL BALANCE May...

Use the adjusted trial balance figures to prepare a balance sheet. ADJUSTED TRIAL BALANCE May 31, 2019 ACCOUNT TITLE DEBIT CREDIT 44,195.00 8,080.00 715.00 1,600.00 1,225.00 14,500.00 1Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Rent 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation 8 Accounts Payable 9 Salaries Payable 10 Unearned Fees 11 Kelly Pitney, Capital 12 Kelly Pitney, Drawing 660.00 895.00 325.00 3,210.00 42,300.00 10,500.00

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. Fill in the missing amounts.

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Based on the following adjusted trial balance: Garnet & Gold Corporation Adjusted Trial Balance As of...

Based on the following adjusted trial balance: Garnet & Gold Corporation Adjusted Trial Balance As of December 31 Debit Credit Cash $ 800 Accounts Receivable 200 Inventory 3,000 Building 30,000 Accumulated Depreciation $ 2,000 Notes Payable 1,000 Common Stock 21,000 Retained Earnings 6,000 Dividends 2,000 Revenues 8,000 Selling and Administrative Expense 1,000 Insurance Expense 1,000 $ 38,000 $ 38,000 Determine the amount that will be reported as retained earnings on the post-closing trial balance. O $2.000 0 $14.000 O $10,000...
Is this an adjusted trial balance or is it the trial balance before the adjustments? How...

Is this an adjusted trial balance or is it the trial balance before the adjustments? How can you tell the difference? If it is unadjusted, what adjustments need to be made? the transactions for that trial balance are on the following three pages. Credit Debit 831,000 303,000 40,600 225,000 200,000 1,875,000 215,000 Trial Balance Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture & Fixtures Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings...

question on adjusted trial balance

Midterm 2020-2021spring QUESTION.docx
Instruction The following is the adjusted trial balance for Miller Company. Miller Company ADJUSTED TRIAL BALANCE...

Instruction The following is the adjusted trial balance for Miller Company. Miller Company ADJUSTED TRIAL BALANCE December 31, 20- ACCOUNT TITLE CREDIT DEBIT 8,130.00 1 Cash 2 Accounts Receivable 3,300.00 3 Prepaid Expenses 2,750.00 4 Equipment 10,400.00 5 Accumulated Depreciation 2,200.00 6 Accounts Payable 7 Notes Payable 2,700.00 1,000.00 9,200.00 8 Common Stock 9 Retained Earnings 2,000.00 All work saved. Email Instruction Chart of Accounts General Journal Post-Closing Trial Balance Instruction Equipment 10,400.00 Accumulated Depreciation 2,200.00 6 Accounts Payable 2,700.00...
3. Katy Manufacturing Co's adjusted trial balance for the year 20 * adjusted trial balance for...

3. Katy Manufacturing Co's adjusted trial balance for the year 20 * adjusted trial balance for the year 2020 is given below. Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts Sales Revenue Prepaid Expenses Inventory - Finished Goods Equipment Accumulated Depreciation - Equipment Administrative Expenses Accounts Payable Short-Term Notes Payable Income Taxes Payable Additional Paid-In Capital Retained Earnings Rent Expenses Interest Expense Salaries Expenses Treasury Stock Long-Term Debt Common Stock Income Tax Expense Cost of Goods Sold 18,500...

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 5,538 2,319 718 13,753 8,084 1,417 Notes Payable 5,701 1,000 Common Stock Retained Earnings Dividends 3,254 960 Fees Earned 8,397 Wages Expense Rent Expense 3,185 797 342 Utilities Expense Depreciation Expense Miscellaneous Expense 174 67 Totals 27,853 27,853 Determine the retained earnings ending balance. a. $27,853 b. $6,126 c. $3,832 d. $4,254