I did the whole work but I still can not understand why my assets are not matching with my liabilites.
could you please help me fix my balance sheet?
31-Dec $40. One month's insurance has been used by the company 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $60. Wages incurred from December 29 to December 31 but not yet paid or 31-Dec recorded total $450. Began business by depositing $6000 in a bank account in the name of the company in 1-Dec exchange for 600 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $500. 1-Dec Paid the premium on a one-year insurance policy, $480. 1-Dec Purchased Equipment for $3600 cash. Purchased office supplies from XYZ Company on account, 5-Dec $300 15-Dec Provided services to customers for $5400 cash. 16-Dec Provided service to customers ABC Inc. on account, $2500. 21-Dec Received $1500 cash from ABC Inc., customer on account. Paid $170 to XYZ company for supplies purchased on account on 23-Dec December 5. 28-Dec Der Paid wages for the period December 1 through December 28, $4200 30-Dec Declared and paid dividend to stockholders $200. Description Debit Credit Date HD Commen Stock -De Rent Expenses -De Prepaid Insurance -Dequipment S-De Supplies Account Payable 15-Ded Cash Service Revenue 22500 16.De Accounts Recivable Service Revenue 21.Desh Account Recivable 21.De Account Payable 28.De Ware Expert 30-Dec Divident 31. Dec Insurance Expense Prepaid Insurance 31.Do Supplies Exp (300-90) Ottice Supplies 31-De Depeciation Expense Accumulated depecto Equ 31-DeWare Expense Ware Payable 3,750 1,000 300 480 3,600 $ 130 $ 4,200 $ 6,000 6 Cash 7 Accounts Receivables 8 Supplies 9 Prepaid Insurance 10 Equipment 11 Accumulated Depreciation 12 Accounts Payable 13 Wages Payable 14 Common Stock 15 Retained Earnings 16 Dividends 17 Service Revenue 18 Rent Expense 19 Wages Expense 20 Insurance Expense 21 Supplies Expense 22 Depreciation Expense Totals $ 200 $ 7,900 $ 500 $ 14,030 $ 14,030 General Journal T-Accounts Unadjusted Trial Balance 810 X fx-89-09 N O P Q Cash 15-Dec 21-Dec $ 400 1.500 $ 9,150 12,900 S 3.750 Supplies Expert Account Receivables 2.500 $ 1.500 16-Dec $ Wages Payable 4200145031 Dec Deprecation Expense 31-Dec 60 S-Dee $ 300 2 10 31-Dec E F G MNOP Dividends Wages Expense B C D E F G H Adjusted Trial Balance Credit 3,750 1,000 Debit $ $ $ $ $ 90 440 3,600 $ $ 60 130 $ 3,750 $ 6,000 Cash Accounts Receivables Supplies Prepaid Insurance 10 Equipment 11 Accumulated Depreciation 12 Accounts Payable 13 Wages Payable 14 Common Stock 15 Retained Earnings 16 Dividends 17 Service Revenue 18 Rent Expense 19 Wages Expense 20 Insurance Expense 21 Supplies Expense 22 Depreciation Expense 23 Totals $ 200 $ 7,900 $ $ $ 450 40 210 $ $ 14,090 $ 14,090 General JournalT-Accounts Unadjusted Trial Balance Adjusted Trial Balance Financial State Excel File Edit View Insert Format Tools Data Window Ky Help Accounting Cycle Excel Template(4) Data Review Home A . Insert Page Layout Calibri Bodyl - Formulas 11 - A A- View .. 0) 65% . Sun 6:02 PM QE Q- Search Sheet 8+ Share A . Dolete 6.2 Conditional Formal coll Format . Parte . swepter Wrap Test Merge Carter Custom custom $ . % . ) G22 X fx S emental Stockholders' Equity Income Sweet For the month End December 31. 2X General Jour T Accounts Unaduted Trial Balance Adjusted Tr Balance Financial Statements + + 100%
