Is my balance sheet correct?
- o x Sam Youngblood 8 PrereqKnowledgeAssessment_Spring 20 - Saved File Home Insert Draw Formulas Data Review View B I U 9 A A 3 al q $ 23 EF E AL 47 0 Sensitivity A G I J K L M N O P Q R S T B C D E F Green Thumb Corporation H NAME: beg beg Accounts Receivable 24,500 14,000 16,000 14,000 2,900 Prepaid Insurance 250 18,000 Cash 37,000 100,000 14,000 12,000 14,000 3,000.00 106,000.00 230,900 26,000 900 8,700 500 18,000 1,000 end 17,750 6.00 end end 15,400 14 Accum Depreciation 16 Equipment 88,000 26,000 beg Land 100,000 beg 7,000 beg 100,000 17 18 end (7,000) end end 114,000 Unearned Services Rev Salaries Payable Saga + Accounts Payable 4,500 beg 2.000 1 beg beg 1 1 509 3.000 General Journal 3.000 Income Stmt Instructions Trial Balance 11-30-19 T-Accounts Balance Sheet Stmt Retained Earnings 0 | 2:26 - o x Sam Youngblood 8 PrereqKnowledgeAssessment_Spring 20 - Saved File Home Insert Draw Formulas Data Review View B I U A A 3 albe 2: Es Al A9 0 B Sensitivity B C D E F G H I J K N O P Q R S S L M Salaries Payable Unearned Services Rev Accounts Payable 4,500 beg 2,000 1 1,500 3,000 3,000 6,500 end end (1,500) (3,000) Long Term Notes Payable 16,000 beg Common Stock 60,000 beg 100,000 1 Retained Earnings 97,200 beg 16,000 end 160,000 end 97,200 end Dividends Gain on Sale of Land 34 35 beg 36 beg 1 500 6,000 Service Revenue 165,000 beg 12,000 1 16,000 2 1,500 3 2,900 4 197,400 end 40 end 500 6,000 end 42 Legal Fees Expense beg Salaries Expense 82,000 8,700 beg beg Supplies Expense 1,400 900 2,000 1,000 3,000 + Instructions Trial Balance 11-30-19 General Journal T-Accounts Income Stmt Balance Sheet Stmt Retained Earnings @ 12:27 - o x Sam Youngblood 8 PrereqKnowledgeAssessment_Spring 20 - Saved File Home Insert Draw Formulas Data Review View B I U A A 3 ele q B 23 AL AL 47 0 Sensitivity 1 A B C D E F G H I J K L M N O P Q R S T 33 Dividends Gain on Sale of Land 35 beg 500 6,000 Service Revenue 165,000 beg 12,000 1 16.000 2 1,500 2,900 4 197,400 end 38 39 40 end 500 6,000 end 41 Legal Fees Expense 42 43 Supplies Expense 1,400 beg beg Screenshot now Screenshot taken Show in folder Salaries Expense 82,000 8,700 3,000 93,700 44 45 46 900 2,000 1,000 3,000 end 2,300 48 Depreciation Expense Insurance Expense 4,500 250 4,750 beg Utilities Expense 5,300 900 7,000 1 7,000 6,200 COPY TO CLIPBOARD Instructions Trial Balance 11-30-19 GeneralJournal T-Accounts Income Stmt Balance Sheet @ 12:27 - o x Sam Youngblood 8 PrereqKnowledgeAssessment_Spring 20 - Saved File Home Insert Draw Formulas Data Review View B I U 9 A A 33 Ral 5 23 ES AL 49 0 Sensitivity B C D E F G H I J K 8 9 10 11 Assets Cash Accounts Receivable Prepaid Insurance 230,900.00 $ 15,400.000 17,750.00 12 13 14 15 16 17 18 19 Total Current Assets Equipment Accumulated Depreciation Land 264,050.00 114,000.00 (7,000.00) 0.00 Total Assets 371,050.00 20 21 Liabilities and Stockholders' Equity 22 Liabilities 23 Accounts Payable 24 Unearned Service Revenue 25 Salaries Payable 26 27 Total Current Liabilities 28 Long-Term Notes Payable 6,500.00 (1,500.00) (3.000.00) 2,000.00 16,000.00 29 30 +
5:40 - o x Sam Youngblood 8 PrereqKnowledgeAssessment_Spring 20 - Saved File Home Insert Draw Formulas Data Review View B I U 9 A A 33 Ral 5 23 ES AL 49 0 Sensitivity fx 30 31 32 Total Liabilities 18,000.00 33 34 35 36 37 38 Stockholders' Equity Common Stock Retained Earnings 160,000.00 96,700.00 Total Stockholders' Equity 256,700.00 39 Total Liabilities and Stockholders' Equity 40 41 42 Check Figure Total Assets $ 370,150 5:40
