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i need it in one more hour please make sure its correct 100% The adjusted trial balance for Jenson, Inc., at December 31, 2015 is
i need it in one more hour
please make sure its correct 100%
The adjusted trial balance for Jenson, Inc., at December 31, 2015 is presented below: Account Debit Cash 28,500 Accounts Receivables 12,000 Inventory 15,000 Prepaid Insurance Equipment Credit 2,000 16,000 Accumulated Depreciation Equipment 8,000 Accounts Payable 12,000 Income Tax Payable 2,500 Interest payable 3,500 Notes Payable (Due in five years) Common Stock Retained Earnings Dividends 12,000 26,000 5,500 1,000 Sales Revenue 75,000 Cost of Goods Sold 21,000 Salaries Expense 25,000 Utilities Expenses 4,500 Depreciation Expense 4,000 Rent Expense 3,000 Insurance Expense 6,000 Interest Expense 5,000 Income Tax Expenses 1,500 Total 144,500 Please provide the following amounts: Gross Profit for the year ended December 31, 2015 Net income for the year ended December 31, 2015 144,500 Total current assets at December 31, 2015 Total assets at December 31, 2015 Total current liabilities at December 31, 2015 Total liabilities at December 31, 2015 Total stockholders equity at December 31, 2015Step by Step Solution
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