Question

Worksheet

27. Given the income statement columns and the balance sheet columns of the worksheet, prepare a balance sheet dated December 31, 200s, for Baur Company. (31 Points) Trial Balance Adjustments Balance Sheet Adj. Trial Income Stmt Balance DR CR DR CR DR CR DR CR DR CR Cash 750 750 Accounts Receivable 400 400 Supplies 250 75 Prepaid Ins 400 300 Equipment 7,000 7,000 Accounts Payable Capital Fees Earned Wages Exp. Totals Depreciation Expense Accum Depreciation Supplies Expense Insurance Expense Wages Payable Totals Net Income 900 6,000 2,000 100 8.900 8.900 d 300 a 250 b 175 c 100 825 b 175 100 900 6,000 2,000 a 250 400 250 175 100 d 300 300 825 9450 9450 250 2,000 400 250 175 100 925 2,000 1.075 2,000 2,000 750 400 75 300 7,000 900 6,000 250 300 8,525 7,450 1.075 8.525 8.525 F