Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help create a balance sheet Lake City Food Mart Adjusted Trial Balance December 31, 2020 Credit $23,800 Balance Account Title Debit Cash $6,600 Accounts
Please help create a balance sheet
Lake City Food Mart Adjusted Trial Balance December 31, 2020 Credit $23,800 Balance Account Title Debit Cash $6,600 Accounts Receivable 38,100 Merchandise Inventory 95,800 Office Supplies 1,300 Prepaid Rent 1,000 Furniture 26,500 Accumulated Depreciation Land 50,000 Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long term Common Stock Retained Earnings Dividends 54,000 Sales Revenue Interest Revenue Cost of Goods Sold 155,000 Salaries Expense 84,700 Rent Expense 7,700 Utilities Expense 5,800 Depreciation Expense-Furniture 2,700 Supplies Expense 2,200 Interest Expense 2,900 Total $534.300 7,300 2,000 600 2,400 108,000 40,000 12,200 pod 326,000 12,000 S534.300 Focus 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