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Samuel-Six Company maintains and repairs air conditioning system. Samuel-Six Company prepared the following trial balance at April 30, 2020, the end of the current fiscal
Samuel-Six Company maintains and repairs air conditioning system. Samuel-Six Company prepared the following trial balance at April 30, 2020, the end of the current fiscal year: Samuel-Six Company Trial Balance April 30, 2020 $ 5,500 16,500 3,000 1,950 70,000 100,500 $ 81,700 72,400 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - building Equipment Accumulated Depreciation - equipment Accounts Payable Unearned Rent Sonny Samuel, capital Sonny Samuel, drawing Fees Revenue Salaries and Wages Expense Advertising Expense Utilities Expense Repairs Expense Miscellaneous Expense 63,800 4,100 1,500 57,700 4,000 171,200 60,200 18,500 15,100 9,300 3,050 380,000 380,000 (Note: For debit and credit entries, use the format, ACCOUNTING TITLE-AMOUNT, e.g. Supplies Expense-123,456) The data needed to determine year-end adjustments are as follows: 1. Supplies on hand at April 30, $450 Debit: Credit: 2. Accrued salaries and wages at April 30, $2,000. Debit: Credit: 3. Depreciation of buiiding for the year $1,620. Debit: Credit: 4. Depreciation of equipment for the year $3,160. Debit: Credit: 5. Insurance expired during the year, $2,000. Debit: Credit: 6. Fees revenue accrued at April 30, $2,500. Debit: Credit: 7. Unearned rent a April 30, $500. Debit: Credit: After adjusting entries, find the values of the following: Sum of Debit/Credit Columns of Adjusted Trial Balance Total Revenue Total Expenses Net Income / (Net Loss) Total Assets Total Liabilities
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