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Complete the Balance Sheet Question 1 [40 points] Jerry Forrentes, financial officer of Weber Inc., showed the following unadjusted account balances at February 28, 2014,
Complete the Balance Sheet
Question 1 [40 points] Jerry Forrentes, financial officer of Weber Inc., showed the following unadjusted account balances at February 28, 2014, its year end. Other information There was one reconciling item on the bank reconciliation : an NSF cheque for $1,400. A review of the Prepaid Rent account showed that the balance represents rent for two months beginning February 1, 2014. Annual depreciation on the furniture is $2,540. Annual depreciation on the equipment is $2,320 Jse this information to prepare the February 28, 2014 classified balance sheet. (select one) Balance Sheet (select one) Account Accounts payable Accounts receivable.. Accumulated depreciation, equipment. .. Accumulated depreciation, furniture Cash Commissions earned. Copyright Dividends Equipment Furniture Interest earned Interest payable Land. Long-term notes payable... Mortgage payable (due December, 2017). Notes receivable (due November, 2014). Petty cash Prepaid rent Rent earned Rent expense Retained earnings Salaries expense. Share capital Supplies Utilities expense. Balance 4,200 15,000 22,640 31,000 8,400 14,400 12,500 9,300 34,940 38,100 10,800 18,600 18,800 16,800 46,900 10,400 3,900 38,000 4,900 5,600 44,500 8,800 12,300 13,500 9,800Step by Step Solution
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