Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10:22 Blackboard Classified Balance Sheet Excel_...out_Assignmentspring2021(1)(1) 2 () Read Only - You can't save changes to this file. Save a copy fx =SUM(B6:835 A

image text in transcribedimage text in transcribedimage text in transcribed

10:22 Blackboard Classified Balance Sheet Excel_...out_Assignmentspring2021(1)(1) 2 () Read Only - You can't save changes to this file. Save a copy fx =SUM(B6:835 A ABC Company December 31, 2020 Trial Balance C D 4 5 Debit Credit 6 Cash & Cash Equivalents 18,200 7 Inventory 90,000 8 Accounts Receivable 34,200 9 Short-term Investments 1,273 10 Prepaid Expenses (current portion) 600 11 Land 30,000 12 Interest Payable 1,620 13 Goodwill 10,000 14 Equipment 45,000 15 Accumulated Depreciation - Building 2,500 16 Accrued Expenses 1,700 17 Current Maturity of a long-term note 3,000 18 Bond Sinking Fund 30,000 19 Taxes Payable 1,500 20 Building 25,000 21 Trading Securities 900 22 Long-term Securities (Held to Maturity) 2,500 23 Copyright (net of amortization) 5,000 24 Accounts Payable 18,000 25 Accumulated Depreciation Equipment 11,080 26 Bond Payable 60,000 27 Allowance for Doubtful Accounts 1,500 28 Prepaid Insurance (not current portion) 400 29 Wages Payable 5,000 30 Common Stock 40,000 31 Long-term Debt 18,000 32 Retained Earnings 128,173 33 Unearned Revenue 3,000 34 Land held for Speculation 2,500 35 Accumulated other comprehensive income 500 36 Total 295,573, 295,573 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Instructions Trial Balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

12th edition

77862228, 978-1259283567, 1259283569, 978-0077862220

More Books

Students also viewed these Accounting questions

Question

Find Vo in the circuit in Figure P8.13 2 2 2420V j8 4 Figure P8.13

Answered: 1 week ago

Question

Is COQ more consistent with TQM or ROQ? Explain.

Answered: 1 week ago