ct #2-2 1 file |ILOV... M The Writing Center... TurboTax Online Charles Schwab Cli... Business, BS...
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ct #2-2 1 file |ILOV... M The Writing Center... TurboTax Online Charles Schwab Cli... Business, BS Saved Help Save & E South Bend Repair Service Company keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable SOUTH BEND REPAIR SERVICE COMPANY Unadjusted Trial Balance For the Year Ended December 31 Debit Credit 21,000 8,400 2,700 2,300 28,400 13,400 6,500 3,900 Note payable (two years; 9% interest due each December 31) Common stock (2,500 shares outstanding all year) Additional paid-in capital Retained earnings Service revenue 6,400 440 17,100 8,760 55,000 Wages expense Remaining expenses (not detailed; excludes income tax) 26,600 9,100 Income tax expense 105,000 105,000 Totals Data not yet recorded at December 31 of the current year include: ct #2-2 1 file |ILOV... M The Writing Center... TurboTax Online Charles Schwab Cli... Business, BS Saved Help Save & E South Bend Repair Service Company keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable SOUTH BEND REPAIR SERVICE COMPANY Unadjusted Trial Balance For the Year Ended December 31 Debit Credit 21,000 8,400 2,700 2,300 28,400 13,400 6,500 3,900 Note payable (two years; 9% interest due each December 31) Common stock (2,500 shares outstanding all year) Additional paid-in capital Retained earnings Service revenue 6,400 440 17,100 8,760 55,000 Wages expense Remaining expenses (not detailed; excludes income tax) 26,600 9,100 Income tax expense 105,000 105,000 Totals Data not yet recorded at December 31 of the current year include:
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