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ACC 232 01 PRINCIPLES OF MANAGERIAL ACCOUNTING FINAL EXAM APRIL 19, 2023 On December 31, 2020, the end of the fiscal year, the accountant for
ACC 232 01 PRINCIPLES OF MANAGERIAL ACCOUNTING FINAL EXAM APRIL 19, 2023 On December 31, 2020, the end of the fiscal year, the accountant for Waterfall Services prepared an end-of-period spreadsheet, a part of which follows: WATERFALL SERVICES ACCOUNT TITLE END-OF-PERIOD SPREADSHEET FOR THE YEAR ENDED DECEMBER 31, 2020 CASH ACCOUNTS RECEIVABLE SUPPLIES PREPAID INSURANCE BUILDING ACCUMULATED DEPRECIATION-BUILDING ACCOUNTS PAYABLE SALARIES PAYABLE UNEARNED RENT COMMON STOCK RETAINED EARNINGS DIVIDENDS SERVICE FEES RENT REVENUE SALARIES EXPENSE RENT EXPENSE SUPPLIES EXPENSE DEPRECIATION EXPENSE UTILITIES EXPENSE REPAIRS EXPENSE INSURANCE EXPENSE MISCELLANEOUS EXPENSES ADJUSTED TRIAL BALANCE DR. 20,000 60,800 3,750 1,200 400,000 25,000 400,000 60,000 15,000 10,000 8,000 5,000 4,000 15,000 1,027,750 CR. 150,000 18,000 8,000 2,000 50,000 70,000 719,750 10,000 1,027,750 Prepare an income statement, a statement of Stockholders' equity, and a balance sheet.
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