Question
john COMPANY TRIAL BALANCE AS AT DECEMBER 2020 DEBIT$ CREDIT $ Cash 8000 Accounts Receivable 26,000 Supplies 4,500 Prepaid Insurance 7,000 Equipment 41,000 Accumulated DepreciationEquipment
john COMPANY | ||
TRIAL BALANCE AS AT DECEMBER 2020 | ||
| DEBIT$ | CREDIT $ |
Cash | 8000 |
|
Accounts Receivable | 26,000 |
|
Supplies | 4,500 |
|
Prepaid Insurance | 7,000 |
|
Equipment | 41,000 |
|
Accumulated DepreciationEquipment |
| 4,800 |
Machinery | 7,500 |
|
Accounts Payable |
| 22,200 |
Salaries Payable |
| 20,000 |
Owners Capital |
| 43,300 |
Owners Drawings | 4,200 |
|
Service Revenue |
| 26,400 |
Salaries and Wages Expense | 5,200 |
|
Depreciation Expense | 4,800 |
|
Insurance Expense | 5,000 |
|
Interest Expense | 3,500 |
|
| 116700 | 116700 |
Prepare a classified balance sheet for john Company showing total current and non current assets and liabilities and owners equity
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