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Please help I am confused 1) what is the total debit balance amount on the adjusted trial balance? 2) What is the total stockholders' equity
Please help I am confused
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 sheet?
1. An inventory of supplies showed $4,000 were used up. 2. There was $900 of depreciation on Furniture 3. $3,000 of insurance was purchased for 12 months. 7 months of insurance was used. 4. Performed $6,000 of services that was paid for in advance 5. On last day of the month, performed $1,900 of services for new customer and will be paid next month 6. Happy cleaners provided $650 of cleaning services on the last day of the month. They will be paid next month. 7. An inventory count revealed there was $3,510 of inventory shrinkage 8. The company estimates bad debt expense to be 4% of credit sales. Assume all sales are made on credit. General Journal General Ledger (starting with balances from unadjusted trial balance) \begin{tabular}{l|r|l|l} \multicolumn{4}{c|}{ Office Supplies } \\ \hline Unadj Bal. & 5,000 & & Adj1 \\ \hline & & & \\ \hline Bal. & 5,000 & & \\ \multicolumn{3}{|c|}{ Prepaid Insurance } \\ \hline Unadj Bal. & 3,000 & \\ \hline & & & \\ \hline Bal. & 3,000 & & \end{tabular} \begin{tabular}{l|l|r|l} \hline \multicolumn{3}{c|}{ Unearned Revenue } \\ \hline Adj 4 & & 24,000 & Unadj Bal. \\ \hline & & & \\ \hline & & 24,000 Bal. \end{tabular} \begin{tabular}{l|l|c|l} \hline \multicolumn{2}{c|}{ Common Stock } \\ \hline & & 73,800 & Unadj Bal. \\ \hline & & & \\ \hline & & 73,800 Bal. \end{tabular} \begin{tabular}{l|l|l|ll|l|c} \multicolumn{4}{c}{ Depreciation Expense- Furniture } & & \multicolumn{2}{c}{ Accumulated Depreciation-Furniture } \\ \cline { 1 - 3 } \cline { 5 - 7 } Adj2 & & & & & & Adj2 \\ \hline Bal. & 0 & & & & & 0 Bal. \end{tabular} Adjusted Trial Balance ANN SIMPSON DESIGNER Balance Sheet December 31, 2018Step by Step Solution
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