Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 The following is the Alpha Dog Company adjusted Trail Balance. Alpha Dog Company Adjusted Trial Balance December 31, 2016 Account Title Debit Credit

Question 6

The following is the Alpha Dog Company adjusted Trail Balance.

Alpha Dog Company

Adjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

181,860

Supplies

36,255

Stock Investment

130,500

Equipment

295,285

Accumulated Depreciation

$236,260

Accounts Payable

47,555

Wages Payable

35,000

Capital Stock

195,000

Retained Earnings

136,145

Service Revenue

898,105

Interest Income

1,500

Rent Expense

66,000

Wages Expense

537,260

Supplies Expense

42,520

Depreciation Expense

164,595

Dividends

6,840

________

Totals

$1,549,565

$1,549,565

What are the dollar values that will appear in Alpha Dog Company's year end financial statements for the following line items: (For any negative dollar value the number must be enclosed in brackets and do not use a minus sign.)

1. Total Current Assets

2. Total Long Term Investments

3. Total Assets

4. Total Liabilities

5. Total Equity

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_2

Step: 3

blur-text-image_3

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

Financial Accounting Practice And Principles

Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave

3rd Edition

1861527713, 978-1861527714

More Books

Students also viewed these Accounting questions

Question

How do managers generally describe organizational authority?

Answered: 1 week ago