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Prepare a Classified Balance Sheet (7) on the proper worksheet as of 12/31/19. should be formatted with appropriate headers necessary for a classified balance sheet
Prepare a Classified Balance Sheet (7) on the proper worksheet as of 12/31/19. should be formatted with appropriate headers necessary for a classified balance sheet
2 3 4 5 Account Title Income Statement DR CR 6 7 Cash 8 Accounts Receivable 9 Allowance for Doubtful Accounts 10 Interest Receivable 11 Note Receivable 12 Merchandise Inventory 13 Prepaid Insurance 14 Prepaid Rent 15 Supplies 16 Equipment 17 Accumulated Depreciation - Equipment 18 Accounts Payable 19 Salaries & Wages Payable 20 Unearned Revenue 21 Interest Payable 22 Utilities Payable 23 Note Payable (final payment due 2023) 24 Common Stock 25 Retained Earnings 26 Dividends 27 Sales 28 Consulting Revenue 29 Sales Returns and Allowances 30 Sales Discounts 31 Cost of Goods Sold 32 Salaries & Wages Expense 33 Depreciation Expense - Equipment 34 Bad Debt Expense 35 Insurance Expense 36 Rent Expense 37 Supplies Expense 38 Utilities Expense 39 Interest Revenue 40 Interest Expense 41 42 Net Income End of Period Worksheet For the Year Ended December 31, 2019 Unadjusted Trial Balance Adjustments DR CR DR CR $ 136,789.00 378,956 16,782 588 150,000 361,866 60,000 10,000 30,000 24,000 46,777 40,000 400,000 75,000 75,000 51,709 53,000 24,000 2,400 7,700 5,000 350.000 270,600 424,500 120,000 4,050,864 35,933 2,400 300,000 100,000 1,950,000 1,200,000 53,000 75,000 Adjusted Trial Balance DR CR 136,789 378,956 16,782 588 150,000 361.866 50,000 6,000 6,777 400,000 150,000 51,709 53,000 21,600 7,700 5,000 350,000 270.600 424,500 120,000 4,050.864 38,333 300,000 100,000 1,950,000 1,253,000 75,000 Balance Sheet DR CR 136,789 378.956 16,782 588 150,000 361,866 50.000 6,000 6,777 400,000 150,000 51,709 53,000 21,600 7,700 5,000 350.000 270,600 424,500 120,000 4,050,864 38,333 300,000 100,000 1,950,000 1,253,000 75,000 10,000 24,000 40,000 5,000 10,000 24,000 40,000 70,000 10,000 24,000 40,000 70,000 65,000 588 588 588 7,700 7,700 7,700 5,299,388 5,299,388 217,688 217,688 5,440,676 5,440,676 4,089,785 1,610,976 3,829, 700 260,085 1,350,891 260,085 43Step by Step Solution
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