Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do i fill out a balance sheet with this information? the picture below shows how it is supposed to be filled out. i'm not

how do i fill out a balance sheet with this information? the picture below shows how it is supposed to be filled out. i'm not sure what im doing wrong for assets.

The adjusted trial balance for Sandhill Company is shown below.

SANDHILL COMPANY Trial Balance August 31, 2020

Before Adjustment

After Adjustment

Dr.

Cr.

Dr.

Cr.

Cash

$ 10,500 $ 10,500

Accounts Receivable

8,700 9,500

Supplies

2,300 500

Prepaid Insurance

4,000 2,700

Equipment

12,400 12,400

Accumulated Depreciation-Equipment

$ 3,600 $ 4,300

Accounts Payable

5,900 5,900

Salaries and Wages Payable

0 1,300

Unearned Rent Revenue

1,600 600

Owners Capital

13,900 13,900

Service Revenue

34,200 35,000

Rent Revenue

10,900 11,900

Salaries and Wages Expense

17,200 18,500

Supplies Expense

0 1,800

Rent Expense

15,000 15,000

Insurance Expense

0 1,300

Depreciation Expense

0 700
$ 70,100 $ 70,100 $ 72,900 $ 72,900

image text in transcribed

Qoros 7947 WOMETRO Shaal A OR C G

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

Banking And Finance Issues In Emerging Markets

Authors: William A. Barnett

1st Edition

1787564541, 9781787564541

More Books

Students also viewed these Accounting questions

Question

7.4 Describe the key features of bipolar disorder.

Answered: 1 week ago

Question

What is the average age of members of your key public?

Answered: 1 week ago

Question

How likely is this public to act on information it receives?

Answered: 1 week ago

Question

What does this public think about your organization?

Answered: 1 week ago