Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 3-12 (Part Level Submission) Skysong Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Problem 3-12 (Part Level Submission) Skysong Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. SKYSONG COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Debit 38,800 20,000 31,900 85,800 125,800 Credit Debit Credit Cash 38,800 4,553 4,243 85,800 125,800 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue Salaries and Wages Expense Maintenance and Repairs Expense Advertising Expense Utilities Expenses Property Tax Expense Interest Expense Totals 37,600 16,000 2,950 52,800 115,500 2,000 43,490 16,000 658 52,800 115,500 2,000 14,000 14,000 282,300 284,592 108,750 31,900 9,400 18,300 22,670 11,130 108,750 31,900 9,400 18,300 18,250 6,250 509,150 507,150 27,657 15,447 Insurance Expense Supplies Expense Interest Payable Depreciation Expense 4,880 5.890 CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION SKYSONG COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Debit Credit Adjustments Income Statement Debit Credit Debit Credit Debit Credit 38,800 38,800 20,000 4,553 31,900 4,243 85,800 85,800 125,800 125,800 ment 43,490 37,600 16,000 16,000 658 2,950 52,800 52,800 I 115,500 115,500 14,000 14,000 2,000 2,000 284,592 282,300 108,750 108,750 31,900 se 31,900 W FU SKYSONG COMPANY Worksheet For The Month Ended September 30, 202 Adjusted Trial Balance Debit Credit Trial Balance Adjustments Account Titles Debit Credit Debit Credit Deb Cash 38,800 38,800 Supplies 20,000 4,553 Prepaid Insurance 31,900 4,243 Land 85,800 85,800 Equipment 125,800 125,800 Accumulated Depreciation-Equipment 37,600 43,490 Accounts Payable 16,000 16,000 Unearned Service Revenue 2,950 658 Mortgage Payable 52,800 52,800 I Common Stock 115,500 115,500 Dividends 14,000 14,000 Retained Earnings 2,000 2,000 Service Revenue 282,300 284,592 Salaries and Wages Expense 108,750 108,750 31,900 31,900 Maintenance and Repairs Expense ATOR MESSAGE MY INSTRUCTOR FULL SCR Service Revenue 202,JUu 204,334 Salaries and Wages Expense 108,750 108,750 Maintenance and Repairs Expense 31,900 31,900 Advertising Expense 9,400 9,400 Utilities Expenses 18,300 18,300 Property Tax Expense 18,250 22,670 Interest Expense 6,250 11,130 509,150507,150 Totals Insurance Expense 27,657 Supplies Expense 15,447 Interest Payable 4,880 Depreciation Expense 5,890 Property Tax Payable 4,420 Totals 524,340524,340 Net Income Totals Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS I TNV TA TEVT 5000 5010-3eke Hiies CeR m AL Ri-L-n-- Ai.----41- 414 e

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

Word Search Puzzle Book For Auditing Clerk

Authors: Lx Antu

1st Edition

B09KN7YDD6, 979-8757688466

More Books

Students also viewed these Accounting questions

Question

A stock split is not a dividend. True False

Answered: 1 week ago