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Hello, I need you to prepare TRIAL BALANCE for December 2012 and ALL JOURNAL ENTRIES, Using Income Statement Information Attached in the Picture. Thank you!!
Hello, I need you to prepare TRIAL BALANCE for December 2012 and ALL JOURNAL ENTRIES, Using Income Statement Information Attached in the Picture. Thank you!!
WALK UPRIGHT COMPANY STATEMENT OF FINANCIAL POSITION December 31, 2012 Beginning of Ye End of ASSETS ar Current Assets: $141,175 30,452 97.979 $226.564 $269.6006 $265,071 (35.620) (32.490) $228.472 $%232.581 $145,047 21,128 60,389 Accounts Receivab e.. Total current assets Depreciable Assets (Schedule attached $264,092 Less: Accumulated depreciation. Total depreciable assets (net)... Other Assets: 146.718 $97.812 Land (used in the business).. $601.754 $599 999 Total Assets LIABILITIES AND CAPITAL Current liabilities: 28,490 Accounts payable Notes payable (less than one year) .. $ 41,946 185.843 160,644 $227,789 Capital: $261,776 $287,606 Thomas March Lucy March. Total capital Total Liabilities and Capital. 112.189 123.259 $373965 $410.865 $601 754 $99 999 STATEMENT OF PARTNERS' CAPITAL Thomas March Lucy ar Total Capital at beginning of year$261 Net income for the year. Partners Withdrawals.... Capital at end of year. $373,965 122,485 (25.676) (85.585) $287.606 S123.299 S41086S ,776 $112,189 85,739 36,746Step by Step Solution
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