Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress The worksheet for Montoya Company has been completed through the adjusted trial balance. You are ready to extend each amount

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Current Attempt in Progress The worksheet for Montoya Company has been completed through the adjusted trial balance. You are ready to extend each amount to the appropriate financial statement column indicate for each account the financial statement column to which the account should be extended by placing a check mark (1) in the appropriate column Income Statement Balance Sheet Account Title Dr. Cr. Dr. Income Statement > Balance Sheet < < Account Title Dr. Cr. Dr. (1) Cash < 122 (2) Retained Earnings > (3) Mortgage Payable (4) Interest Receivable < < < < < (5) Supplies > > (6) Accounts Payable < < (7) Short-term Investments (8) Maintainance and Repairs Expense > > < > (9) Unearned Service Revenue (10) Fouinment < < < < < < < > < Cr. > > > > > (9) Unearned Service Revenue (10) ot Equipment (11) Depreciation Expense 121 (12) 13 (13) Interest Revenue Salaries and Wages Expense < >> > > > < < Accum. Deprec.- Equipment Utilities Expense 44 (14) Dividends 1755 (15) (16) 195 > < < < < < < < < < < < < < < < < < > (17) Salaries and Wages Payable (18) Accounts Receivable (19) Notes Pavable > v (13) Salaries and Wages Expense (14) Dividends (15) Accum. Deprec.- Equipment (16) Utilities Expense (17) Salaries and Wages Payable (18) Accounts Receivable (19) Notes Payable (20) Service Revenue < > < > > < < < > > < < >

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

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions

Question

What is the role of an auditor? AppendixLO1

Answered: 1 week ago