Answered step by step
Verified Expert Solution
Question
1 Approved Answer
land:114000 long term investments in stocks:36000 notes recieveavle(3 years): 26000 prepaid expenses:10800 cash: 26000 accounts recievable:24000 supplies :10200 inventory:55000 intangible assets:15000 trucks 46000 truck accumulated
land:114000
1. Prepare a post.closing trial balance at its December 31 year-end. (Hint remember to include accumulated depreciation - trucks) JISKO Pout Closing Trial Balance December 31 Debit Credit Totals long term investments in stocks:36000
notes recieveavle(3 years): 26000
prepaid expenses:10800
cash: 26000
accounts recievable:24000
supplies :10200
inventory:55000
intangible assets:15000
trucks 46000
truck accumulated depreciation:12000
accounts payable:62000
wages payable: 21000
intrest payable: 24000
notes payable (9years) 34000
mortage payable (20years) 84000
j, carter capital 126000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started