Balance Sheet | ||
DR | CR | |
Cash | 10000 | |
AR | 7000 | |
Supplies | 500 | |
Equipment | 5,000 | |
Accum depreciation | 2,300 | |
Automobile | 15,000 | |
Accum depreciation | 3,000 | |
AP | 5000 | |
Wages Payable | 4000 | |
Unearned Fees | 2000 | |
Jones, Capital | 10,700 | |
Jones, Drawing | 1,000 | |
Fees Earned | ||
Rent Expense | ||
Wages Expense | ||
Utility Expense | ||
Supplies Expense | ||
Depreciation Expense | ||
Misc. Expense | ||
Total | 38,500 | 27,000 |
Net income | 11500 | |
Total | 38500 | 38500 |
Balance Sheet | |||
Assets: | |||
Current Assets | |||
Total Current Assets | |||
Prop. Plant and Equip. | |||
Total Prop. Plant & Equip. | |||
Total Assets | |||
Liabilities | |||
Current Liabilites | |||
Total Liabilities | |||
Owner's Equity | |||
Jones, Capital | 21,200 | ||
Total Liab. And O.E. | |||
ASSETS | AMOUNTS $ | EQUITY & LIABILITIES | AMUNTS $ |
Cash | $10000 | Accounts Payable | $5000 |
Accounts Receivable | $7000 | Wages Payable | $4000 |
Supplies | $500 | Unearned Fees(Liability) | $2000 |
Equipment $5000 Less: Acc Depreciation $2300) |
$2700 |
Jones Capital $10700 Less:Drawings ($1000) Add: Net Profit $11500 |
$21200 |
Automobile $15000 Less: Acc Depreciation ($3000) |
$12000 | ||
TOTAL | $32,200 | TOTAL | $32,200 |
Current Assets Are CASH, Accounts Receivable And Supplies
Property Equipments Are Automobile And Equipments
Current Liabilities are Accounts Payable Unearned Fees and Wages Payable
Enter the above figures in vertical format Balancesheet
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Balance Sheet DR CR Cash 10000 AR 7000 Supplies 500 Equipment 5,000 Accum depreciation ...
Trial Balance DR CR Cash 10,000 AR 2,000 Supplies 1,000 Equipment 5,000 Accum depreciation 2,000 Automobile 15,000 Accum depreciation 3,000 AP 5,000 Wages Payable 2,000 Unearned Fees 3,000 Jones, Capital 10,700 Jones, Drawing 1,000 Fees Earned 12,000 Rent Expense 2,000 Wages Expense 1,000 Utility Expense 500 Supplies Expense - Depreciation Expense - Misc. Expense 200 Total 37,700 37,700 The...
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Voiculdton Cash 11,000 1,500 1,200 800 5,000 400 900 1,400 Acrunts Receivable Supplies Prepaid Insurance Delivery Equipment Accum. Depr.-Delivery Equip. Accounts Payable Wages Payable Carlos Perez, Capital Carlos Perez, Drawing Delivery Fees Wages Expense Rent Expense Supplies Expense Telephone Expense Electricity Expense 15,600 1,500 6,400 880 1,100 220 175 320 Insurance Expense 550 Depr. Exp.-Delivery Equip. 400 Miscellaneous Expense 55 3,700 6.400 21.000 18.300 hp Calculator 1. Prepare an income statement. Carlos Perez Delivery Service Income Statement For Month...
6,000 2,100 1,000 500 150,000 Cash Accounts Receivable Prepaid Expenses Supplies Equipment Accumulated Depreciation Accounts Payable Unearned Fees Notes Payable Bob Steely, Capital Bob Steely. Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 15,000 6,200 4,000 14,000 19,000 8.000 154,900 25,000 12,000 3,400 5,000 100 Totals 213,100 213,100 In the space below, calculate: a) net income b) total assets c) total liabilities d) total current assets e) beginning balance of Owner's Equity for next year.
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓ Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable 6,000 5,000 40,000 120,000 12,000 60,000 ? 64,000 2,000 15,000 3,000 1,000 2,000 Supplies Unearned Fees Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance for Land. Assets Current assets: Liabilities Current liabilities: Total current...
Cash $29200 Accounts receivable 10600 140000 Supplies Inventory Land Building Less: Accum. Depreciation Trademark Less: Accum. Depreciation $179800 CRANE'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $7700 Accounts payable 20600 Salaries payable 1100 Mortgage payable 174000 Total liabilities 98000 Shareholders' equity Common shares 86200 Retained earnings Total shareholders' equity 29200 $416800 Total liabilities and shareholders' equity $107000 20800 $137000 100000 237000 $39300 10100 Total assets $416800 The dollar amount of share capital is O $416800. $237000. O...
G Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividenda Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8,800 17,500 7,838 181,000 $ 37,286 47,000 12,800 11,000 69,000 1,689 136,500 12,000 121,000 24,049 66,833 12,000 12, 255 $389,275 $389,275 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON...
What's my error? Why is it out of balance use worksheet for
balance sheet
A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 Adjusting Entries Debit Credit Income Statement Debit Credit 5,750.00 Unadjusted Trial Balance Debit Credit 87,962.02 1,135.00 - 6,480.00 4,200.00 530.00 1,115.00 Balance Sheet Debit Credit 87,962.02 6,885.00 6,210.00 2,100.00 214.00 1,115.00 - 270.00 2,100.00 316.00 Adjusted Trial Balance Debit Credit 87,962.02 - 6,885.00 - 6,210.00 2,100.00 214.00 1,115.00 7.57 203,520.00 3,392.00 18,000.00 250.00 95,000.00...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash $24,600 Accounts payable 33,500 Supplies 11,200 Prepaid insurance 20,000 Land 246,700 Total current assets $336,000 Property, plant, and equipment: Building $516,300 Equipment 116,900 Total property, plant, and equipment 869,100 Total assets $1,205,100 Liabilities Current liabilities: Accounts receivable $55,800 Accumulated depreciation—building 212,600 Accumulated depreciation—equipment 34,600 Net income 191,300 Total liabilities $494,300...