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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 Cash $ 5,500 Accounts Receivable 16,500 Prepaid Insurance 3,000 Supplies 1,950 Land 70,000 Building 100,500 Accumulated Depreciation - building $ 81,700 Equipment 72,400 Accumulated Depreciation - equipment 63,800 Accounts Payable 4,100 Unearned Rent 1,500 Sonny Samuel, capital 57,700 Sonny Samuel, drawing 4,000 Fees Revenue 171,200 Salaries and Wages Expense 60,200 Advertising Expense 18,500 Utilities Expense 15,100 Repairs Expense 9,300 Miscellaneous Expense 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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