Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required #1 out of 2 (Suggested time - 10 minutes, 8 marks) The adjusted trial balance and some additional information for Underminer ledtronics Limited Underminer

image text in transcribed
image text in transcribed
Required #1 out of 2 (Suggested time - 10 minutes, 8 marks) The adjusted trial balance and some additional information for Underminer ledtronics Limited Underminer Electronics Adjusted trial balance For the period ending December 31, 2020 Account Dr. Cr. $23.349 Accounts payable $52.450 Accounts receivable 370350 Accumulated depreciation - building 121.230 250000 Accumulated depreciation equipment 434500 25 150 Bank loan payable (due in 2023) Buildings Cash 709 450 131,140 Cost of goods sold 133570 PAN B Depreciation expense Equipment of ac es.uregina.ca... be here to search Wank loan paydose ( W203) urses Dabond Buildings log Cash 434,500 Cost of goods sold 25,150 Depreciation expense 709.450 Equipment 131,140 Income tax expense 133,570 Income tax payable 65,500 45450 Inventory 123.450 Land 650.500 Other operating expenses 196,400 500.000 Common shares 78.350 Prepaid expenses 388975 Retained earnings 146,500 1.060.410 Salaries & benefits expenses 67.800 Sales 55.000 Sales returns and allowances 52814769 $2.814760 Unearned revenues Total urmation: Required #1 out of 2 (Suggested time - 10 minutes, 8 marks) The adjusted trial balance and some additional information for Underminer ledtronics Limited Underminer Electronics Adjusted trial balance For the period ending December 31, 2020 Account Dr. Cr. $23.349 Accounts payable $52.450 Accounts receivable 370350 Accumulated depreciation - building 121.230 250000 Accumulated depreciation equipment 434500 25 150 Bank loan payable (due in 2023) Buildings Cash 709 450 131,140 Cost of goods sold 133570 PAN B Depreciation expense Equipment of ac es.uregina.ca... be here to search Wank loan paydose ( W203) urses Dabond Buildings log Cash 434,500 Cost of goods sold 25,150 Depreciation expense 709.450 Equipment 131,140 Income tax expense 133,570 Income tax payable 65,500 45450 Inventory 123.450 Land 650.500 Other operating expenses 196,400 500.000 Common shares 78.350 Prepaid expenses 388975 Retained earnings 146,500 1.060.410 Salaries & benefits expenses 67.800 Sales 55.000 Sales returns and allowances 52814769 $2.814760 Unearned revenues Total urmation

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

More Books

Students also viewed these Accounting questions

Question

Distinguish between hearing and listening.

Answered: 1 week ago

Question

Use your voice effectively.

Answered: 1 week ago