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Adjusted Trial Balance December 31, 2018 Debit Credit Cash $12,700 Accounts receivable 21,...
Adjusted Trial Balance December 31st 2019 Debit Credit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts 405 Interest receivable 75 Supplies Prepaid insurance inventory Notes receivable 1800 5500 5328 15000 Buildings Gain 62000 2300 Accumulated depreciation Accounts payable Deferred revenue 200 3200 3480 Salaries payable Income tax payable Warranty liability Notes payable 1200 3700 450 113670 Common stock 96000 Dividends 1600 Service revenue 7830 Sales revenue 36000 Sales discounts 150 75 Interest revenue Bad debt expense Cost of goods...
MOLLY DISTRIBUTORS Adjusted Trial Balance December 31 Credit Debit $30,200 Cash 110,200 Accounts Receivable 94,000 Inventory 2,400 Prepaid Insurance 6,400 Supplies 85,000 Delivery Equipment Accumulated Depreciation $35,000 Accounts Payable 100,000 Common Stock 105,000 Retained Earnings 22,800 Sales Revenue 791,000 Cost of Goods Sold 513,400 Salaries Expense 123,000 Rent Expense 40,000 Supplies Expense 6,400 Utilities Expense 4,000 Depreciation Expense 16,000 Insurance Expense 6,800 Income Tax Expense 16,000 Totals $1,053,800 $1,053,800 Prepare a multi-step income statement for the dote: Do not use...
Credit 405 75 2300 200 3200 Adjusted Trial Balance December 31st, 2019 Debit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts Interest receivable Supplies 1800 Prepaid insurance 5500 inventory 5328 Notes receivable 15000 Buildings 62000 Gain Accumulated depreciation Accounts payable Deferred revenue 3480 Salaries payable Income tax payable Warranty liability Notes payable Common stock Dividends 1600 Service revenue Sales revenue Sales discounts Interest revenue Bad debt expense 405 Cost of goods sold 17280 Depreciation expense 500 Income tax expense...
What is Total Liabilities and Stockholders' Equity as of December 31, 2017? Matthews Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Inventory Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par CS Retained Earnings (1/1/17) Dividends Sales Sales Returns& Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciaion Expense...
Dump Company Post-Closing Trial Balance December 31, 2016 Account Debit Credit Cash $ Accounts Receivable 27,000 18,000 18,000 Merchandise Inventory 1,500 50,000 12,000 Prepaid Insurance Equipment and Fixtures Accumulated Depreciation Accounts Payable Salaries and Commissions Payable Common Stock 21,000 6,600 23,000 51,900 Retained Earnings $ 114,500 $ 114,500 Totals For the Quarter Ended March 31, 2017 Sales Revenue $ 121,700 60,850 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: 60,850 Commissions Expense 6,085 5,000 Salaries Expense Rent Expense...
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 6,600 Utilities Expense 1,800 Rent Expense 2,700 600 Depreciation Expense Income Taxes Expense 550 $43.950 $43,950 (5) Does the company appear to be liquid? Explain. (6) Has the company been profitable in the past? Explain.
The adjusted trial balance for Monty at December 31, 2019, contains the following accounts. Debit Credit Buildings $127,400 Common Stock $93,050 Accounts Receivable 14.700 26,150 Retained Earnings Accumulated Depreciation-Buildings Prepaid Insurance 4,400 43,300 Cash 18,900 Accounts Payable 11,900 Equipment 62,500 Notes Payable 96,300 18,300 Land Insurance Expense 68,500 Accumulated Depreciation-Equipment 900 Interest Payable 7,400 Service Revenue 2,400 $307,100 2,400 15,700 Depreciation Expense Interest Expense $280,950 Prepare a classified balance sheet: assume that $23,000 of the note payable will be paid...
The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,270 Accounts Receivable 2,400 Prepaid Insurance 2,700 Notes Receivable (long-term) 3,400 Equipment 12,400 Accumulated Depreciation $ 3,000 Accounts Payable 5,620 Salaries and Wages Payable 1,100 Income Taxes Payable 3,300 Unearned Revenue 640 Common Stock 2,800 Retained Earnings 1,100 Dividends 340 Sales Revenue 44,030 Rent Revenue 340 Salaries and Wages Expense 22,000 Depreciation Expense 1,500 Utilities Expense 4,620 Insurance Expense 1,600 Rent Expense 6,400 Income...
The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,370 Accounts Receivable 3,400 Prepaid Insurance 3,700 Notes Receivable (long-term) 4,400 Equipment 19,000 Accumulated Depreciation $ 5,400 Accounts Payable 6,820 Salaries and Wages Payable 1,700 Income Taxes Payable 4,300 Deferred Revenue 880 Common Stock 3,800 Retained Earnings 1,560 Dividends 440 Sales Revenue 54,630 Rent Revenue 440 Salaries and Wages Expense 24,400 Depreciation Expense 2,700 Utilities Expense 5,620 Insurance Expense 2,800 Rent Expense 7,400...
CDE Company Adjusted Trial Balance Problem # 2 Debit Credit Cash $ 3,500 Accounts receivable 8,000 Prepaid Insurance 3,600 Equipment 80,000 Accumulated depreciation $12,000 Accounts payable 600 Common Stock 35,000 Retained earnings 14,200 Cash Dividènds 7,500 Service fees earned 102,200 Miscellaneous Incom come 4,200 Salaries Expense 42,800 Rent expense 13,000 Insurance expense 1,800 Depreciation expense 8,000 Income Tax expense 8,800 Income Tax Payable 8,800 Totals $177,000 $177,000 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balance...