Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to prepare a classified balance sheet and income statement for this adjusting trail balance File Home Insert Draw Page LayoutFormulas Data evie ViewH 17
how to prepare a classified balance sheet and income statement for this adjusting trail balance
File Home Insert Draw Page LayoutFormulas Data evie ViewH 17 Adjusted Trial Balance Debit Credit Account Acct No. CASH AIR NIR $172,240 145,000 10,000 500 Interest Recivable 500 Interest Revenue EQUIPMENT 60,000 32,000 50,000 100,000 200,000 208,000 NIP Loan Payable Capital Sales Revenue Sales Return 3,000 145,000 Purchases Purchases Return Purchases Discount Fright in Fright Out Supplies Salaries Expenses Salaries Payable Utility Expenses Utility Payable ADV Expenses Prepaid Insurance Inventory Motor Vichle Accumelated Depreciation-Motor Machins Accumelated Depreciation-Machins Retaind Earnings 3,500 1.140 21 1,700 1.700 2.000 36,000 25 12,000 27 8,000 4,000 3,000 21,000 10,000 100,000 32 4,500 150,000 25,250 258,000 3,750 Interest Payable Inurance Expenses Interest Expenses 3,000 3,750 23,000 3,000 1,500 Supplies Expenses Accumelated Depreciation Expenses- Equpment Accumelated Depreciation Expenses-Motor Accumelated acc equipment 3,000 Total $905,640 905,640 S) P) CRJ CP) G) AR Sub AP Sub GL Trial Balance Adjusted Ledger Adjusted
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started