Question
Hello, I need help with the following accounting exercise. Question 1 The following is the Alpha Dog Company adjusted Trail Balance. Alpha Dog Company Adjusted
Hello, I need help with the following accounting exercise.
Question 1
The following is the Alpha Dog Company adjusted Trail Balance.
Alpha Dog Company | ||
Adjusted Trial Balance | ||
December 31, 2016 | ||
Account Title | Debit | Credit |
Cash | $88,450 |
|
Accounts Receivable | 168,700 |
|
Supplies | 30,255 |
|
Stock Investment | 159,000 |
|
Equipment | 295,285 |
|
Accumulated Depreciation |
| $235,760 |
Accounts Payable |
| 73,555 |
Wages Payable |
| 12,000 |
Capital Stock |
| 220,000 |
Retained Earnings |
| 111,145 |
Service Revenue |
| 902,105 |
Interest Income |
| 1,500 |
Rent Expense | 63,500 |
|
Wages Expense | 539,260 |
|
Supplies Expense | 42,520 |
|
Depreciation Expense | 164,095 |
|
Dividends | 5,000 | _________ |
Totals | $1,556,065 | $1,556,065 |
Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.
Alpha Dog Company | ||||||||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet (partial) Question 2 The following is a partial Adjusted Trial Balance for Alpha Company for the month:
Additionally, Inventory for December 31, 2015 was $2,700. Prepare a multiple-step income statement. Prepare a partial multiple-step income statement that includes the Sales, Cost of Goods Sold sections & gross profit.
|
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