The adjusted trial balance of David Cooper Co. as of December 31, 2020, contains the following....
The adjusted trial balance of David Cooper Co. as of December 31, 2020, contains the following. DAVID COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
Debit Credit
Cash $19,847
Accounts Receivable 7,295
Prepaid Rent 2,655
Equipment 18,425
Accumulated Depreciation-Equipment $5,270
Notes Payable 6,075
Accounts Payable 5,847
Common Stock 20,375
Retained Earnings 11,685
Dividends 3,375
Service Revenue 11,965
Salaries and Wages Expense 7,215
Rent Expense 2,230
Depreciation Expense 175
Interest Expense 113
Interest Payable 113
$61,330 $61,330
Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. – (45)
Prepare a statement of retained earnings. (List items that increase retained earnings first.)
Prepare a classified balance sheet. (List current assets in order of liquidity.) with Liabilities and stockholders’ equity
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The adjusted trial balance of David Cooper Co. as of December
31, 2020, contains the following....
The adjusted trial balance of Matthew Cooper Co. as of December 31, 2020, contains the following....
The adjusted trial balance of Matthew Cooper Co. as of December 31, 2020, contains the following. Credit $6,260 7,065 MATTHEW COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,837 Accounts Receivable 8,285 Prepaid Rent 3,645 Equipment 19.415 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 4.365 Service Revenue Salaries and Wages Expense 8.205 Rent Expense 2. 158 Depreciation Expense Interest Expense 185 Interest Payable $67.342 6.837 21.365 12.675 12.955 185 $67.342 Prepare an income statement....
Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains...
Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains the following. Credit THOMAS COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,067 Accounts Receivable 7,515 Prepaid Rent 2,875 Equipment 18,645 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3,595 Service Revenue Salaries and Wages Expense 7,435 Rent Expense 2,214 Depreciation Expense 191 Interest Expense 129 Interest Payable $62,666 $5,490 6,295 6,067 20,595 11,905 12,185 129 $62,666 Prepare an...
The adjusted trial balance of Anderson Cooper Co. as of December 31, 2017, contains the following....
The adjusted trial balance of Anderson Cooper Co. as of December 31, 2017, contains the following. ANDERSON COOPER CO ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit $19,472 6,920 2,280 18,050 Credit Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense ent Expense Depreciation Expense Interest Expense Interest Payable $4,895 5,700 5,472 20,000 11,310 3,000 11,590 6,840 2,260 145 83 83 $59,050 $59,050 ANDERSON COOPER CO. Income...
The adjusted trial balance of Bramble Cooper Co. as of December 31, 2017, contains the following....
The adjusted trial balance of Bramble Cooper Co. as of December 31, 2017, contains the following. BRAMBLE COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $20,067 Accounts Receivable 7,515 Prepaid Rent 2,875 Equipment 18,645 Accumulated Depreciation-Equipment $5,490 Notes Payable 6,295 Accounts Payable 6,067 Common Stock 20,595 Retained Earnings 11,905 Dividends 3,595 Service Revenue 12,185 Salaries and Wages Expense 7,435 Rent Expense 2,214 Depreciation Expense 191 Interest Expense 129 Interest Payable 129 $62,666 $62,666 Prepare a classified balance...
Exercise 3-11 The adjusted trial balance of Riverbed Cooper Co. as of December 31, 2017, contains...
Exercise 3-11 The adjusted trial balance of Riverbed Cooper Co. as of December 31, 2017, contains the following. RIVERBED COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit $19,682 7,130 2,490 18,260 Credit Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable $5,105 5,910 5,682 20,210 11,520 3,210 11,800 7,050 2,242 163 101 101 $60,328$60,328 Prepare an income...
Exercise 3-11 The adjusted trial balance of Teal Cooper Co. as of December 31, 2017, contains...
Exercise 3-11 The adjusted trial balance of Teal Cooper Co. as of December 31, 2017, contains the following TEAL COOPER cO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Credit Debit $19,627 7,075 2,435 18,205 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable $5,050 5,855 5,627 20,155 11,465 3,155 11,745 6,995 2,246 159 97 97 $59,994 $59,994
1. Presented below is the adjusted trial balance for Cooper Company on December 31, 2019. ...
1. Presented below is the adjusted trial balance for Cooper Company on December 31, 2019. COOPER COMPANY Adjusted Trial Balance December 31, 2019 Dr. Cr. Cash $ 1,500 Accounts Receivable 4,300 Prepaid Rent 2,100 Supplies 400 Automobile equipment 18,500 Accumulated depreciation— Automobile equipment $ 1,300 Accounts Payable 2,700 Unearned Revenue 3,660 Notes Payable 10,000 Common Stock 5,000 Retained Earnings 2,200 Dividends 1,200 Service Revenue 8,800 Salaries Expense 2,160 Utilities Expense 1,400 Rent...
Question 11 of 14 5 > Current Attempt in Progress The adjusted trial balance of Joseph...
Question 11 of 14 5 > Current Attempt in Progress The adjusted trial balance of Joseph Cooper Co. as of December 31, 2020, contains the following. Credit JOSEPH COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,012 Accounts Receivable 7,460 Prepaid Rent 2.820 Equipment 18,590 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3.540 Service Revenue Salaries and Wages Expense 7.380 Rent Expense 2.218 Depreciation Expense 187 Interest Expense 125 Interest Payable $62,332 $5,435 6,240...
Below is a partial adjusted trial balance for Cooper, Inc. at December 31, 2017. Cooper, Inc....
Below is a partial adjusted trial balance for Cooper, Inc. at December 31, 2017. Cooper, Inc. – December 31, 2017 Debit Credit Sales revenue 700,000 60,000 110,000 Interest revenue Gain on sale of investments Cost of goods sold Selling expenses Restructuring costs Interest expense General and administrative expense 500,000 150,000 40,000 30,000 60,000 Cooper had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%. Required: Prepare a...
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial...
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment $ 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense Utilities Expense Rent Expense Depreciation Expense 6,600 1,800 2,700 600 552 $43.950 $43.950 Income Taxes Expense Instructions: Using Adjusted Trial Balance above: (1)...
The adjusted trial balance of Matthew Cooper Co. as of December 31, 2020, contains the following. Credit $6,260 7,065 MATTHEW COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,837 Accounts Receivable 8,285 Prepaid Rent 3,645 Equipment 19.415 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 4.365 Service Revenue Salaries and Wages Expense 8.205 Rent Expense 2. 158 Depreciation Expense Interest Expense 185 Interest Payable $67.342 6.837 21.365 12.675 12.955 185 $67.342 Prepare an income statement....
Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains the following. Credit THOMAS COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,067 Accounts Receivable 7,515 Prepaid Rent 2,875 Equipment 18,645 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3,595 Service Revenue Salaries and Wages Expense 7,435 Rent Expense 2,214 Depreciation Expense 191 Interest Expense 129 Interest Payable $62,666 $5,490 6,295 6,067 20,595 11,905 12,185 129 $62,666 Prepare an...
The adjusted trial balance of Anderson Cooper Co. as of December 31, 2017, contains the following. ANDERSON COOPER CO ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit $19,472 6,920 2,280 18,050 Credit Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense ent Expense Depreciation Expense Interest Expense Interest Payable $4,895 5,700 5,472 20,000 11,310 3,000 11,590 6,840 2,260 145 83 83 $59,050 $59,050 ANDERSON COOPER CO. Income...
Exercise 3-11 The adjusted trial balance of Riverbed Cooper Co. as of December 31, 2017, contains the following. RIVERBED COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit $19,682 7,130 2,490 18,260 Credit Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable $5,105 5,910 5,682 20,210 11,520 3,210 11,800 7,050 2,242 163 101 101 $60,328$60,328 Prepare an income...
Exercise 3-11 The adjusted trial balance of Teal Cooper Co. as of December 31, 2017, contains the following TEAL COOPER cO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Credit Debit $19,627 7,075 2,435 18,205 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable $5,050 5,855 5,627 20,155 11,465 3,155 11,745 6,995 2,246 159 97 97 $59,994 $59,994
Question 11 of 14 5 > Current Attempt in Progress The adjusted trial balance of Joseph Cooper Co. as of December 31, 2020, contains the following. Credit JOSEPH COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,012 Accounts Receivable 7,460 Prepaid Rent 2.820 Equipment 18,590 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3.540 Service Revenue Salaries and Wages Expense 7.380 Rent Expense 2.218 Depreciation Expense 187 Interest Expense 125 Interest Payable $62,332 $5,435 6,240...
Below is a partial adjusted trial balance for Cooper, Inc. at December 31, 2017. Cooper, Inc. – December 31, 2017 Debit Credit Sales revenue 700,000 60,000 110,000 Interest revenue Gain on sale of investments Cost of goods sold Selling expenses Restructuring costs Interest expense General and administrative expense 500,000 150,000 40,000 30,000 60,000 Cooper had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%. Required: Prepare a...
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment $ 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense Utilities Expense Rent Expense Depreciation Expense 6,600 1,800 2,700 600 552 $43.950 $43.950 Income Taxes Expense Instructions: Using Adjusted Trial Balance above: (1)...
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