Red Storm Cleaners | ||
Adjusted Trial Balance | ||
31-Dec-18 | ||
Particulars | Debit Balances | Credit Balances |
Cash | $ 16,000.00 | |
Accounts receivables | $ 9,500.00 | |
Supplies | $ 1,200.00 | |
Equipment | $ 24,000.00 | |
Accumulated depreciation | $ 9,500.00 | |
Salaries Payable | $ 1,000.00 | |
Common stock | $ 22,500.00 | |
Retained Earnings | $ 7,000.00 | |
Dividends | $ 1,000.00 | |
Service revenue | $ 45,000.00 | |
Salaries expense | $ 17,000.00 | |
Repairs and maintenance expense | $ 11,500.00 | |
Depreciation expense | $ 3,500.00 | |
Supplies expense | $ 1,300.00 | |
Total | $ 85,000.00 | $ 85,000.00 |
Working Note | Calculation | Amount |
Cash | = 12500+25500+16500+5000-24500-11500-6500-1000 | 16000 |
Accounts receivables | = 6500+19500-16500 | 9500 |
Equipment | = 17500+6500 | 24000 |
Accumulated depreciation | = 6000+3500 | 9500 |
Common stock | = 17500+5000 | 22500 |
Salaries expense | = 16000+1000 | 17000 |
Red Storm Cleaners | ||||||
Adjusted Trial Balance | ||||||
31-Dec-18 | ||||||
Unadjusted | Adjustments | Adjusted | ||||
Particulars | Debit | Credit | Debit | Credit | Debit | Credit |
Cash | $ 12,500.00 | $ 47,000.00 | $ 43,500.00 | $ 16,000.00 | ||
Accounts receivables | $ 6,500.00 | $ 19,500.00 | $ 16,500.00 | $ 9,500.00 | ||
Supplies | $ 2,500.00 | $ 1,300.00 | $ 1,200.00 | |||
Equipment | $ 17,500.00 | $ 6,500.00 | $ 24,000.00 | |||
Accumulated depreciation | 6000 | 3500 | $ 9,500.00 | |||
Salaries Payable | 8500 | 8500 | 1000 | $ 1,000.00 | ||
Common stock | 17500 | 5000 | $ 22,500.00 | |||
Retained Earnings | 7000 | $ 7,000.00 | ||||
Dividends | $ 1,000.00 | $ 1,000.00 | ||||
Service revenue | $ 45,000.00 | $ 45,000.00 | ||||
Salaries expense | $ 17,000.00 | $ 17,000.00 | ||||
Repairs and maintenance expense | $ 11,500.00 | $ 11,500.00 | ||||
Depreciation expense | $ 3,500.00 | $ 3,500.00 | ||||
Supplies expense | $ 1,300.00 | $ 1,300.00 | ||||
Total | $ 39,000.00 | $ 39,000.00 | $ 115,800.00 | $ 115,800.00 | $ 85,000.00 | $ 85,000.00 |
value: 3.75 points Problem 3-8A Part 7 7. Prepare an adjusted trial balance. RED STORM CLEANERS...
4. Prepare an unadjusted trial balance. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2018 Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Repairs and maintenance expense Depreciation expense Supplies expense Debit Credit Totals 0 Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) IThe following information applies to the questions d'isplayed bewow. The general ledger of Red Storm Cleaners at January 1, 2018, includes the...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits Асcounts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. Мay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. Оctober 7. December 12 Provide services...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits Асcounts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. Мay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. Оctober 7. December 12 Provide services...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $19,000 Accounts Receivable 7,800 Supplies 3,800 Equipment 14,000 Accumulated Depreciation $ 4,600 Salaries Payable 6,600 Common Stock 24,000 Retained Earnings 9,400 Totals $44,600 $44,600 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $58,000, of which $20,890 is on account. 2. May 2 Collect on accounts receivable, $17,800. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
3 O Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 2 of 8 Credits 0.62 points Debits $13,000 6.600 2,600 17.000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals eBook $ 5,800 8,300 18,000 7.100 $39,200 Print $39,200 References The following is a summary of the transactions for the year: 1. March 12 Provide services to customers. $46.000, of which $19,600 is...
5 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 4 of 8 Credits 0.63 points Debits $13,000 6,600 2,600 17,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation salaries Payable Common Stock Retained Earnings Totals eBook $ 5,800 8,300 18,000 7,100 $39,200 Print $39,200 References The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $46,000, of which $19,600 is on...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts receivable,...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....