Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm's general ledger contained the

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm's general ledger contained the accounts and balances that follow Healthy Eating Foods Company Year Ended December 31, 2019 Trial Balance Ad justments Adfusted Trial Balance Income Statement Balance Sheet Credit Credit 30,100.00 35,200.00 $ 30,100.00 35,200.00 $ 30,10e.80 35,200.00 Accounts Receivable Allowance for Doubtful Accounts 3,220.00 3,220.00 78,000.0086,000.00 78,000.00 9,220.001,180.00 3,600.001,800.00 86,000.00 10,400.00 1,180.80 Prepaid Insurance Accumulated Depr.-office Equipment 2,650.00 3,975.00 14,400.03 12,200.00 1,325.00 3,975.00 28,000.00 Accumulated Depr.-Warehouse Equipment Notes Payable-Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable 32,000.00 12,200.00 14,400.80 32.000.00 Salaries Payable Phillip Tucker, Capital Phillip Tucker, Drawing 108,684.00 108,684.80 108,684.00 56,008.00 56,000.00 56,000.00 653,778.00 653,778.00 653,778.00 Sales Returns and Allowances 10,000.00 350,000.00 350,808.03 350,000.00 9,200.00 86,000.00 78,000.00 86,000.00 78,800.00 86,000.00 78,000.00 36,000.00 36,000.00 165,000.00 9,220.00 1,325.00 2,208.00 160,000.00 13,000.00 salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense 165,000.00 13,682.50 9,220.08 682.50 9,220.00 1,325.00 1,325.00 se Equipment Uncollectible Accounts Expense Totals $830,600.00 $830,600.00 $192,067.50 $192,067.50 $923,847.50 $923,847.50 $685,267.50 $740,978.00 $238,580.e0 $182,869.50 $740,978.00 $748,978.00 $238,580.08 $238,580.0e

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

Forensic Analytics Methods And Techniques For Forensic Accounting Investigations

Authors: Mark J. Nigrini

1st Edition

0470890460, 978-0470890462

More Books

Students also viewed these Accounting questions

Question

discuss different sources of numerical data;

Answered: 1 week ago

Question

design and evaluate an effective survey instrument;

Answered: 1 week ago

Question

administer a survey to an appropriate sample of respondents;

Answered: 1 week ago