Answered step by step
Verified Expert Solution
Question
1 Approved Answer
prepare the classified balance sheet of Pria's music lessons at december 31,2023. you must compute the ending balance of P. chai, Capital first Adjusted Trial
prepare the classified balance sheet of Pria's music lessons at december 31,2023. you must compute the ending balance of P. chai, Capital first
Adjusted Trial Balance The adjusted tral balance from December 31, 2023, of Pria's Music Lessens follows: (Ctick the icon to view the adjusted trial balance) Prepare the classifed balance sheet of Pria's Music Leswons at December 31, 2003. Uin the report format. You must compute the ending balance of P. Chay, Capial fest Fint, calculate the ending bolance in the Captal account. Begin by determining the formula, and then enter the amounts and calculate the balance, Consibur whether there is a net income of loss. (indicate a loss with a minus slge or parentheses.) \begin{tabular}{|c|c|c|} \hline Account & Debit & Credit \\ \hline Cash & $27,600 & \\ \hline Supplies & 7,500 & \\ \hline Prepaid rent & 3,600 & \\ \hline Instruments & 168,900 & \\ \hline Accumulated amortization-instruments & & 26,050 \\ \hline Accounts payable & & 29,300 \\ \hline Salaries payable & & 3,250 \\ \hline Unearned service revenue & & 17,600 \\ \hline P. Chai, capital & & 153,300 \\ \hline P. Chai, withdrawals & 15,000 & : \\ \hline Service revenue & & 61,000 \\ \hline Salaries expense & 45,200 & \\ \hline Rent expense & 15,650 & \\ \hline Amortization expense -instruments & 1,200 & \\ \hline Supplies expense & 2,650 & \\ \hline Utilities expense & 3,200 & \\ \hline Total & $290,500 & $290,500 \\ \hline \end{tabular} 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