Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Common-Size Comparative Balance Sheet for the months of December 2017 and January 2018 (See page 619 in your textbook for guidance) ents, choose Check

image text in transcribed
image text in transcribed
image text in transcribed
4. Common-Size Comparative Balance Sheet for the months of December 2017 and January 2018 (See page 619 in your textbook for guidance) ents, choose Check for Updates. De kropred Adjusted Trance away 1, 2013 Credits 39 Debits 787190.003 23,000.00 460.00 60,00 10,000.00 5,190.00 10,000.00 300.00 2.800.00 414 250.00 400,000.00 45,750.00 90,000.00 17,500.00 125,000.00 15,800.00 69,300.00 25,000.00 7,500.00 4,778.00 200,000.00 800,000.00 23,900.00 Account ID Account Description 100 1621 Accounts Receivable 1022 Allowance for Doubtful Accounts 1027 Interest Receivable 1031 Notes Receivable 1051 Merchandise Inventory 15101 Store Supplies 1111 Office Supplies 1125 Prepala Insurance 1401 Land 1411 Building 1412 Accum Dep: Building 163 Office Equipment 1432 Accum Dep: Office Equipment 1451 Store Equipment 1452 Accum Dep: Store Equipment 1501 Patents 2001 Accounts Payable 2005 Income Taxes Payable 2031 Interest Payable 2101 Notes Payable Long Term 2301 Bonds Payable 2303 Discount on Bonds Payable 3001 Preferred Stock 3011 Common Stock 3101 Paid in Capital in Excess of Par: Proffered 3111 Paid in Capital in Excess of Par: Common 3121 Paid in Capital Treasury Stock 3300 Retained Earnings 3351 Treasury Stock 4001 Sales Revenue 4002 Sales Discount 4003 Sales Returns and Allowances 4101 Interest Revenue 5001 Cost of Goods Sold 5010 Insurance Expense - General 5012 Repairs Expense: Office 5015 Depreciation Expense: Building-General Depreciation Expense: Office Equipment 5025 Supplies Expense-Selling 5027 Utilities Expense: Office 5030 Office Salaries Expense 5035 Office Payroll Tax Expense 6005 Depreciation Expense: Store Equipment 6010 Amortization Expense: Patents.General 5015 Sales Salanes Expense 6020 Sales Payroll Tax Expense 6022 Utilities Expense Store 5025 Delivery Expense - General 6030 Repairs Expense Store 6040 Bad Debts Expense Selling 2001 Interest Expense 400,000.00 105,000.00 15,000.00 166,250.00 72,000.00 53.940.00 72,000.00 139,000.00 800.00 3,000.00 60.00 5020 84,560.00 200.00 2,500.00 750.00 2,500.00 1,200.00 1,500.00 15,000.00 1,200.00 800.00 700.00 10,000.00 800.00 1,100.00 1.000.00 800.00 460.00 5,878.00 2.068,038.00 2,068,035.00 Be Prepared Adjusted Trial Balance December 31, 2017 Assets S 25,000 7,500 200,000 232,500 Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Land Building Accum Dep: Building Office Equipment Accum Dep: Office Equipment Store Equipment Accum Dep: Store Equipment Patents Total Assets Liabilities 27,500 Accounts Payable 40,000 Income Taxes Payable 50,000 Mortgage Payable 1,500 Total Liabilities 3,000 64,250 400,000 Stockholders' Equity (45.000) Preferred Stock 90,000 Common Stock (15,000) Paid in Capital in excess of Par: Proffered 75,000 Paldin Capital in Excess of Par: Common (15,000) Retained Earnings 70,000 Total Stockholders' Equity 746,250 250,000 100,000 7,500 71,250 85,000 513,750 746, 250 $

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

Introduction To Health Care Management

Authors: Sharon B. Buchbinder, Nancy H. Shanks

3rd Edition

128408101X, 9781284081015

Students also viewed these Accounting questions