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E4.2 (LO 1) The adjusted trial balance columns of the worksheet for Auburn Company are as follows. Complete the worksheet . Auburn Company Worksheet (partial)
E4.2 (LO 1) The adjusted trial balance columns of the worksheet for Auburn Company are as follows.
Complete the worksheet.
Auburn Company Worksheet (partial) For the Month Ended April 30, 2020 | |||||||||
Adjusted Trial Balance | Income Statement | Balance Sheet | |||||||
Account Titles | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |||
Cash | 10,000 | ||||||||
Accounts Receivable | 7,840 | ||||||||
Prepaid Rent | 2,280 | ||||||||
Equipment | 23,050 | ||||||||
Accumulated DepreciationEquip. | 4,900 | ||||||||
Notes Payable | 5,700 | ||||||||
Accounts Payable | 4,920 | ||||||||
Owner's Capital | 27,960 | ||||||||
Owner's Drawings | 3,650 | ||||||||
Service Revenue | 15,590 | ||||||||
Salaries and Wages Expense | 10,840 | ||||||||
Rent Expense | 760 | ||||||||
Depreciation Expense | 650 | ||||||||
Interest Expense | 57 | ||||||||
Interest Payable | 57 | ||||||||
Totals | 59,127 | 59,127 |
Instructions
a. Complete the worksheet.
The owner did not make any additional investments in the business in April.
b. Prepare financial statements from worksheet.
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