Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 2: Insert Second Trial Balance HERE. Adjusted Trial Balance December 31, 2017 DEBIT 3,100 2,460 CREDIT 650 500 20 30 3,000 150 10,720 1,200

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Part 2: Insert Second Trial Balance HERE. Adjusted Trial Balance December 31, 2017 DEBIT 3,100 2,460 CREDIT 650 500 20 30 3,000 150 10,720 1,200 600 Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Inventory Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/17) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciation Expense Amortization Expense Wages Expense Rent Expense Office Expense Supplies Expense Selling Expense Interest Expense Interest Revenue Income Tax Expense Totals 670 125 50 1,400 6,600 400 3,160 1,000 41,400 40 60 21,550 30 770 90 8,000 1,500 80 260 870 200 135 760 55,790 55,790 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION. 7 Multi Step Income Statement For the year ended December 31, 2017 (Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. 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 Income Statement, use the right column for subtotals and totals.) Statement of Retained Earnings For the year ended December 31, 2017 Classified Balance Sheet December 31, 2017 (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not need to use all of 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Financial Accounting

Authors: Author

6th Edition

1264140304, 9781264140305

More Books

Students also viewed these Accounting questions

Question

What are the current trends in organizational behavior?

Answered: 1 week ago