Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NEDAY x & financiar x&Q x Miority x financie A ocument/d/1boOvyjVuxub4bkhm58Ahc1WmQf0aeA9H4WUj5glo4/edit ework mat Tools Add-ons Help Last edit was 45 minutes.300 mal text + Jannsen
NEDAY x & financiar x&Q x Miority x financie A ocument/d/1boOvyjVuxub4bkhm58Ahc1WmQf0aeA9H4WUj5glo4/edit ework mat Tools Add-ons Help Last edit was 45 minutes.300 mal text + Jannsen Company Adjusted Trial Balance December 31, 2018 Cash 102,000 Accounts Receivable 23,000 Supplies 4,000 Prepaid Insurance 16,000 Inventory 110,000 Vehicle 26,100 Equipment 70,000 Accumulated Depreciation 25,000 Accounts Payable 5,000 Uneamed Revenue 2,000 Wages Payable 8,500 Long-Term Notes Payable 35,000 Common Stock 40,000 Retained Eamings (1/1/2018) 63,600 Dividends 5,000 9 94 55 110 44 23C 8 ork Tools Add-ons Help Last edit was 45 minutes ago al text Arial 14 + BIUA 3 4 Unearned Revenue 5 6 3,555 2,000 Wages Payable 8,500 Long-Term Notes Payable 35,000 Common Stock 40,000 Retained Earnings (1/1/2018) 63,600 Dividends 5,000 Service Revenue 497,000 Repair Expense 14,000 Delivery Expense 34,000 Depreciation Expense 15,000 Rent Expense 41,000 Insurance Expense 20,000 Wages Expense 150,000 Supplies Expense 14,000 Interest Expense 2,000 Income Tax Expense 30,000 Total 676,100 676,100 7800 V 23C 2526/View Income Statement (Company Name) (Date) C (Company Name) Statement of Retained Earnings (Date) 2 x & Finance & Q x Priority X financial x 8 in ontent/1110579/viewContent/11762526/View (Company Name) Statement of Retained Earnings (Date) C E 0 14 R 0 210 5 Pen 23C 40 B 47 A T 6 Y 61 1 O 9 D G H J K C V B N M 7 A ontent/1110579/viewContent/11762526/View (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2 for a Classified Balance Sheet. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) (Company Name) Balance Sheet (Date) 0 V 23C ^ X A Financial x A Quizzes - X Priority-X financials X /le/content/1110579/viewContent/11762526/View Part 5: Answer the following questions using the above completed financial statements: What is the dollar amount for Net Income or Net Loss? What is the dollar amount for Ending Retained Earning? What is the dollar amount for Total Current Assets? What is the dollar amount for Total Current Liabilities? What is the dollar amount for Total Stockholders Equity? What is the dollar amount for Total Assets
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