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FIX THE RED BOXES Bridgeport Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr.
FIX THE RED BOXES
Bridgeport Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. Cash 101 112 8,900 10,900 2,900 23,900 130 157 158 4,500 201 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends 212 9,200 2,600 19,100 8,600 311 320 332 19,100 400 Service Revenue 59,500 622 1,800 3,200 711 722 1,900 Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals 726 29,700 1,200 732 37,800 59,500 65,700 44,000 21,700 Net Income 21,700 59,500 Totals 59,500 65,700 65,700 Retained Earnings No. 320 12/31 19100 1/1 Bal. A 8600 12/31 4 21700 12/31 Bal. A 11200 Dividends No. 332 12/31 Bal. A 19100 12/31 19100 Income Summary No. 350 12/31 37800 12/31 59500 1/1 Bal. 21700 Service Revenue No. 400 12/31 Bal. A 5900 12/31 59500 12/31 Bal. Maintenance and Repairs Expense No. 622 12/31 1800 12/31 Bal. 1800 12/31 Bal. A Depreciation Expense No. 711 12/31 3200 12/31 Bal. 3200 12/31 Bal. Insurance Expense No. 722 12/31 1900 12/31 Bal. A 1900 12/31 Bal. A Salaries and Wages Expense No. 726 12/31 29700 12/31 Bal. A 29700 12/31 Bal. Utilities Expense No. 732 12/31 1200 12/31 Bal. 1200 12/31 BalStep by Step Solution
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