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correct way to do this balance sheet?? The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 00 209 --
correct way to do this balance sheet??
The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 00 209 -- 233 2014 301 202 302 101 401 611 622 640 Adjusted Trial Balance December 31 Account Title Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned fees E. Happ, Capital E. Happ, Withdrawals Plumbing fees earned Depreciation expense Trucks Salaries expense Rent expense Totals Dr. Cr. $ 8,100 35,397 40,500 16, 281 30,000 18,873 4,317 3, 717 67,455 20,099 76,000 5,427 35,568 11,552 $ 186,643 $186,643 Required: a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capital account balance was $67,455 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the adjusted trial balance to prepare the December 31 year-end balance sheet. (Amounts to be deducted should be indicated with a minus sign.) ZAHURAK COMPANY Launchpad ---- AL- Required A Required B Required C Use the adjusted trial balance to prepare the December 31 year-end balance sheet. (Amounts to be deducted should be indicated with a minus sign.) ZAHURAK COMPANY Balance Sheet December 31 Assets Cash $ 8,100 35,397 Accounts receivable 40,500 Trucks Depreciation expense-Trucks Land 5,427 30,000 E. Happ, Withdrawals 20,099 $ 139,523 Liabilities $ Accounts payable Salaries payable Unearned fees 18,873 4,317 3,717 $ 26,907 Equity E. Happ, Capital 67,455 $ 94,362Step by Step Solution
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