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JF CORPORATION Adjusted Trial Balance As of December 31, 2019 Debits Credits Cash 6,517 - Accounts receivable 2,702 - Prepaid expenses 358 - Supplies 521
JF CORPORATION | ||
Adjusted Trial Balance | ||
As of December 31, 2019 | ||
Debits | Credits | |
Cash | 6,517 | - |
Accounts receivable | 2,702 | - |
Prepaid expenses | 358 | - |
Supplies | 521 | - |
Property, Plant and Equipment (PP&E) | 23,508 | - |
Accumulated depreciation - (PP&E) | - | 9,548 |
Accounts payable | - | 4,251 |
Unearned revenues | - | 3,555 |
Bank Loan payable | - | 7,813 |
Capital stock | - | 4,375 |
Retained earnings, Jan. 1 | - | 1,788 |
Dividends | 391 | - |
Revenues | - | 18,542 |
Expenses (total) | 15,876 | - |
49,873 | 49,873 |
a. Prepare Retained Earning Statement (5 Marks)
b. Prepare Balance Sheet (5 Marks)
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2:49 Document (26) BB CORPORATION Adjusted Trial Balance As of December 31, 2019 Debits Credits Credits 13,035 5,405 715 1,042 47,016 19.097 Cash Accounts receivable Prepaid expenses Supplies Property, Plant and Equipment (PPE) Accumulated depreciation - (PPE) Accounts payable Unearned revenues Bank Loan payable Capital stock Retained earnings, Jan 1 Dividends 8.503 7,109 15,625 - 8.750 3,576 781 37 094 Revenues Expenses (total) 31.752 99,745 99,745 a. Prepare Retained Earning Statement b. Prepare Balance SheetStep by Step Solution
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