Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Enter the changes for each journal entry made on the trial balance. ' - If it increased the balance of the account add the amount,
Enter the changes for each journal entry made on the trial balance.If it increased the balance of the account add the amount, if it reduced the balance of the account subtract the amount 'Creat e Financial Statements using the Updated Trial Balance in the Excel Doc Use formulas for all calculations Purple Cow Vineyard Trial Balance For the month ending Debit Credit Change Updated Debit Updated Credit Purple Cow Vineyard Wells Fargo Bank $ $ Income Statement Accounts Receivable $ Month Ending December Inventory $ Prepaid Expenses $ Machinery and Equipment $ Vehicles $ Building $ Accumulated Depreciation $ Land $ Accounts Payable $ Interest Payable $ Loan Payable Due $ Retained Earnings $ Owners Draw $ Owners Contributions $ Grape Sales $ Tour Revenue $ Depreciation Expense $ Vineyard Supplies Expense $ Insurance Expense $ Interest Expense $ Payroll Tax Expense $ Wage Expense $ Utilities $ Totals $ $ $ $ $ Date Account Debit Credit Wells Fargo Bank $ Loan Payable $ Machinery and Equipment $ Wells Fargo Bank $ Accounts Receivable $ Grape Sales $
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Enter the changes for each journal entry made on the trial balance.If it increased the balance of the account add the amount, if it reduced the balance of the account subtract the amount 'Creat e Financial Statements using the Updated Trial Balance in the Excel Doc Use formulas for all calculations
Purple Cow Vineyard
Trial Balance
For the month ending
Debit Credit Change Updated Debit Updated Credit Purple Cow Vineyard
Wells Fargo Bank $
$
Income Statement
Accounts Receivable
$
Month Ending December
Inventory
$
Prepaid Expenses
$
Machinery and Equipment
$
Vehicles
$
Building
$
Accumulated Depreciation
$
Land
$
Accounts Payable
$
Interest Payable
$
Loan Payable
Due
$
Retained Earnings
$
Owners Draw
$
Owners Contributions
$
Grape Sales
$
Tour Revenue
$
Depreciation Expense
$
Vineyard Supplies Expense
$
Insurance Expense
$
Interest Expense
$
Payroll Tax Expense
$
Wage Expense
$
Utilities
$
Totals $
$
$
$
$
Date
Account
Debit
Credit
Wells Fargo Bank
$
Loan Payable
$
Machinery and Equipment
$
Wells Fargo Bank
$
Accounts Receivable
$
Grape Sales
$
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started