Question
Resolve Please Here is a trial balance for you to apply the knowledge acquired during the development of the class. Instruction: With the following information
Resolve Please
Here is a trial balance for you to apply the knowledge acquired during the development of the class. Instruction: With the following information from the EXTRA company, solve in a clear and detailed way what is asks: a. Accounting entries (Items). b. Majorization. c. Adjusted trial balance as of December 31, 2019. d. Income Statement as of December 31, 2019. and. Stockholders' Equity Statement as of December 31, 2019. F. Classified balance sheet as of December 31, 2019.
EXTRA COMPANY CHECKING BALANCE AS OF DECEMBER 31, 2019 Must To Have Cash L. 5,670.00 accounts receivable L. 37,100.00 Inventory L. 60,500.00 Supply 3,930.00 rent paid in advance 6,000.00 Furniture and office equipment 26,500.00 Accumulated furniture depreciation L. 21,200.00 Accounts payable 46,340.00 Unearned income from sales 3,500.00 Long-term notes payable 35,000.00 Capital 23,680.00 Withdrawals 48,000.00 Sales revenue 346,700.00 sales discounts 10,300.00 sales returns 8,200.00 Shopping 175,900.00 Discounts on purchases 6,000.00 Returns on purchases 7,430.00 Spending on purchases 9,300.00 salary expenses 82,750.00 rental expenses 7,000.00 Cats for services 5,800.00 Interest expenses 2,900.00 TOTAL L. 489,850.00 L. 489,850.00
Additional information for one-year adjustment items. 1. Supplies used during the year 2,580.00 2. Rent Paid in advance in force 1,000.00 3. Unearned sales revenue, not yet earned or earned 2,400.00 4. Depreciation on furniture and equipment 2,650.00 5. Accumulated salaries 1,300.00 6. Accumulated interest expenses 600.00 7. Ending inventory 65,800.00
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