Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello. Please answer the following given questions with proper accuracy. Thanks. 2. Blaine Delivery Services Adjusted Trial Balance December 31, 200x Cash Tk 8340 Accounts

Hello. Please answer the following given questions with proper accuracy. Thanks.

image text in transcribed

2. Blaine Delivery Services Adjusted Trial Balance December 31, 200x Cash Tk 8340 Accounts Receivable 41490 Prepaid rent 1350 Supplies 970 Equipment 70690 Accumulated depreciation--equipment Tk 22240 Office furniture 24100 Accumulated depreciation-office furniture 8670 Accounts Payable 13600 Unearned service revenue 4520 Interest payable 2130 Salary payable 930 Note payable 40000 Ray Blaine, capital 32380 Ray Blaine, withdrawals 48000 Service Revenue 201790 Depreciation expense-- equipment 11300 Depreciation expense office furniture 2410 Salary expense 102800 Rent expense 12000 Interest expense 4200 Utilities expenses 3770 Insurance expense 3150 Supplies expense 1690 Total Tk 336260 Tk 336260 Required: Prepare On-time's 2019 income statement, statement of owner's equity, and balance sheet. List expenses in decreasing order on the income statement and show total liabilities on the balance sheet

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