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Need help finding 1) what is the total debit balance amount on the adjusted trial balance . 2) What is the total stockholders' equity balance

Need help finding

1) what is the total debit balance amount on the adjusted trial balance.

2) What is the total stockholders' equity balance on the balance sheet

3) What is the total liabilities and stockholders Equity balance on the balance sheetimage text in transcribedimage text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed

THAN You are hired as a new staff accountant for Chalky Co., a reputable chalkboard company, that specializes in selling and installing chalkboards. Your task is to prepare the financial statements for September 30, 2020 You are provided with the unadjusted trail balance, and but need to make the following adjusting entries. 1. An audit of inventory shows that $3,000 of office supplies were used. 2. Chalky Co had purchased office furniture. The office furniture was purchased for $36,000. Chalky Co. expects the furniture to last 6 years and value $0 at the end of its useful You notice that monthly depreciation expense for 2020 has not been recorded. They will need to book 9 months of depreciation expense in September. 3. An insurance policy was purchased for $4,000. The policy term was for April 2020 - March 2021. 6 months of expense needs to be booked. 4. Star Company paid $18,000 for chalkboard installations last month. The service was completed in September. 5. Chalky Co. provided installation service to Red Barn Inc for $36,000. Chalky Co. issued an invoice to Red Barn Inc on September 21st with payment terms 5/10 net 30. 6. Pretty Office Cleaning, a cleaning service, provided services to Chalky Co. during September An invoice was received for the amount of $8,000 due in 30 days. 7. Chalky Co. conducted a physical count of their inventory and realized there was a shrinkage. The value of current inventory was $18,000. 8. Based on previous experience, Chalky Co estimates that 2% of its accounts receivable balance will go uncollected. 9. Chalky Co. aquired BD Company, smaller company, in 2019 for $150,000. At the time of acquisition, BD Company had net assets of $100,000. The current value of BD Company is $125,000 Cash Inventory Accounts Receivable Office Supplies Prepaid Insurance Office Furniture Land Goodwill Accounts Payable Unearned Revenue Common Stock Dividends Sales or Service Revenue Cost of Goods Sold Salaries Expenses Rent Expense Utilities Expense Total Chalky Co. Unadjusted Trial Balance September 30, 2020 Account Title $ $ $ su $ $ $ $ $ $ $ Su $ $ $ $ Debit Balance 45,000 23,000 2,300 7,000 4,000 36,000 25,000 50,000 3,500 7,600 700 $ Su $ $ $ 2,500 1,400 208,000 $ Credit 13,600 56,000 110,000 28,400 208,000 Unad Bal Bal. Unadj Bal. Bal. Unadj Bal. Bal Unadj Bal Bal Unad Bal Bal Unad Bal Bal Unad Bal Bal $ $ $ $ $ $ $ $ $ S S S $ $ $ Cash 45,000 Accounts Receivable 2,300 2,300 Office Supplies 7,000 7,000 Prepaid Insurance 4.000 4,000 Land 25,000 25,000 Office Furniture 36,000 36,000 Salary Expense Supplies Expense Chalky Co. General Ledger September 30, 2020 Unad Bal. Bal. Unacial. Bal Unad Bal. Bal. $ $ $ $ $ $ Accounts Payable MA 3,500 $ Unearned Revenue Common Stock $ 1,400 $ Dividends 2,500 $ Sales or Service Revenue 13,600 Unadj Bal. Rent Expense 13,600 Bal 56,000 Unad Bal. $ 56,000 Bal 110,000 Unad Bal. 110,000 Bal Utilities Expense 1,400 28,400 Unad] Bal. 28,400 Bal Accumulated Depreciation-Furniture Bal Unad Bal Bal. Unadj Bal. Bal. Unadj Bal. Bal Unadj Bal Bal Unad Bal Bal Unad Bal Bal Unad Bal Bal $ $ $ $ $ $ $ $ $ S S S $ $ $ Cash 45,000 Accounts Receivable 2,300 2,300 Office Supplies 7,000 7,000 Prepaid Insurance 4.000 4,000 Land 25,000 25,000 Office Furniture 36,000 36,000 Salary Expense Supplies Expense Chalky Co. General Ledger September 30, 2020 Unad Bal. Bal. Unacial. Bal Unad Bal. Bal. $ $ $ $ $ $ Accounts Payable MA 3,500 $ Unearned Revenue Common Stock $ 1,400 $ Dividends 2,500 $ Sales or Service Revenue 13,600 Unadj Bal. Rent Expense 13,600 Bal 56,000 Unad Bal. $ 56,000 Bal 110,000 Unad Bal. 110,000 Bal Utilities Expense 1,400 28,400 Unad] Bal. 28,400 Bal Accumulated Depreciation-Furniture Bal Cash Inventory Accounts Receivable Allowance for Doubtful Accounts Office Supplies Prepaid Insurance Office Furniture Accumulated Depreciation - Office Furniture Land Goodwill Accounts Payable Unearned Revenue Common Stock Dividends Sales or Service Revenue Impairment Loss Cost of Goods Sold Bad Debt Expense Salaries Expenses Account Title Chalky Co. Adjusted Trial Balance September 30, 2020 Depreciation Expense - Office Furniture Cleaning Expense Insurance Expense Supplies Expenses Rent Expense Utilities Expense Total TA $ Debit Balance $ Credit Assets Current Assets: Cash Inventory Net Accounts Receivable Office Supplies Prepaid Insurance Intangible Assets: Goodwill Liabilities Property, Plant, and Equipment: Land Furniture $ Less: Accumulated Depreciation-Furniture $ Current Liabilities: Accounts Payable Unearned Revenue Shareholders' Equity Chalky Co. Balance Sheet September 30, 2020 Common Stock Owner's Equity Total Current Assets: $ Total Property, Plant, and Equipment Total Assets: $ Total Current Liabilties: Total Shareholders' Equity: Total Shareholders' Equity and Liabilities: TA $ $ $ $ $ $

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