Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fast Forward Trial Balance December 31, 2015 Debit Credit Cash 4275 Accounts Receivable 2000 Supplies 9720 Prepaid Insurance 2400 Equipment 26000 Building 3000 Accounts Payable

Fast Forward
Trial Balance
December 31, 2015
Debit Credit
Cash 4275
Accounts Receivable 2000
Supplies 9720
Prepaid Insurance 2400
Equipment 26000
Building 3000
Accounts Payable 6200
Salaries payable 3000
Unearned Revenues 3000
Common Stock 30000
Dividends 200
Consulting Revenues 7800
Rental revenue 300
Utilities expenses 305
Salaries expenses 1400
Rent expenses 1000
Totals 50300 50300
Additional information
Retained Earnings final balance is $5,195
Required:
Prepare a Balance Sheet at December 31, 2015

How can i found or can write the problem

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions