Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare journal entries prepare t-accounts and trial balance prepare three financial statements and answer inventory question Balance Sheet for end of 2019 Assets Cash Accounts

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
prepare journal entries
prepare t-accounts and trial balance
prepare three financial statements and answer inventory question
Balance Sheet for end of 2019 Assets Cash Accounts Receivable (net of allowance of 7200) Inventory Prepaid Insurance Supplies Total Current Assets 77,250 237,884 45,500 (1000 units at $45.50 each) 1,600 1,625 363,859 Property, Plant and Equipment, Net Land 177,500 32,000 Total Assets 573,359 Liabilities Accounts Payable Unearned Revenue Interest Payable Salaries Payable Total Current Liabilities 94,552 45,200 2,100 6,600 148,452 246,100 Long Term Debt 394,552 Total Liabilities Capital Stock Retained Earnings 100,000 78,807 573,359 Total Liabilities and Stockholders Equity Assets = Cash Acct Receivable Property Plant and Equip 0 0 Land Allowance 0 Supplies 0 0 Inventory 0 Prepaid Insurance 0 0 0 Liabilities Owners Equity Retained Earnings Retained Earnings Sales Accounts Pay Long Term Debt Capital Stock Cost of Goods Sold Dividends Paid Utilities Exp Insurance Exp Interest Payable O 0 0 0 Interest Expense Unearned Rev Wages Expense 0 0 Bad Debt Expense Wages Payable Supplies Expense 0 O 0 0 0 0 0 0 0 0 0 0 0 Trial Balance Cash Acct Receivable Allowance Supplies Inventory Prepaid Insurance Property Plant and Equip Land Accounts Pay Wages Payable Interest Payable Unearned Rev Long Term Debt Capital Stock Retained Earnings Dividends Paid Sales Cost of Goods Sold Utilities Exp Insurance Exp Wages Expense Interest Expense Bad Debt Expense Supplies Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Journal Entries Financial Stat: Beginning and Transactions Income Statement For January 2020 T accounts and trial balance Balance Sheet as of January 31, 2020 Huw many kmits and at what contare in inventory to start February Statement of Equity for January 2020

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

Integrated Reporting And Audit Quality An Empirical Analysis In The European Setting

Authors: Chiara Demartini, Sara Trucco

1st Edition

3319488252, 9783319488257

More Books

Students also viewed these Accounting questions