Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 16 The followings are part of account lists and their balances on adjusted trial balance. Canh Accounts Receivable Notes Receivable Furniture Accumulated Depreciation

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
D Question 16 The followings are part of account lists and their balances on adjusted trial balance. Canh Accounts Receivable Notes Receivable Furniture Accumulated Depreciation - Furniture Acerad Salaries Payable Service Reven Sales Expense Rent Expense Depreciation Expense Como Stock Retained Earnings 5.30,000 $ 40,000 $ 50,000 530,000 $10.000 550.000 5 100.000 $ 20,000 $ 10,000 $5,000 520.000 $10.000 What is the amount of Net Income? Question 17 0.5 The followings are part of account lists and their balances on adjusted trial balance Cash Aco Receivable $30,000 540,000 Macbook 30 e $ A * % 5 & 7 2 3 4 6 8 8 D Question 17 The followings are part of account lists and their balances on adjusted trial balance. Cash Accounts Receivable Notes Receivable Furniture Accumulated Depreciation - Furniture Accrued Salaries Payable Service Revende Salaries Expense Rent Expense Depreciation Expense Common Stock Retained Earnings 530,000 $ 40,000 $50,000 $30.000 $10,000 $ 50,000 $ 100,000 $ 20,000 $ 10,000 $5,000 $20,000 510,000 What is the balance of Retained Earnings that should appear on post-closing trial balance? Question 18 0.5 18 BO 299 DOD 14 TE # 3 & 2 $ 4 % 5 6 8 D Question 18 The followings are part of account lists and their balances on adjusted trial balance. Cash Accounts Receivable Notes Receivable Furniture Accumulated Depreciation - Furniture Accrued Salaries Payable Service Revenue Salaries Expense Rent Expense Depreciation Expense Common Stock Retained Earnings $ 30,000 $ 40,000 $ 50,000 $30,000 $10,000 $ 50,000 $ 100,000 $ 20,000 S 10,000 $5,000 $20,000 $10,000 What is the balance of total assets based on post-closing trial balance? Question 18 The followings are part of account lists and their balances on adjusted trial balance. Cash Accounts Receivable Notes Receivable Fumiture Accumulated Depreciation - Furniture Accrued Salaries Payable Service Revenue Salaries Expense Rent Expense Depreciation Expense Common Stock Retained Earnings $ 30,000 $ 40,000 $ 50,000 $30,000 $10,000 $ 50,000 $ 100,000 $ 20,000 S 10,000 $5,000 $20,000 $10,000 What is the balance of total assets based on post-closing trial balance

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

Modern Auditing

Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler

5th Edition

0471542830, 9780471542834

More Books

Students also viewed these Accounting questions