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Financial Statement Homework #2 Name Upload a copy of ALL PAGES of the Financial Statement HW to D2L dropbox. You must handwrite (not type) the assignmen the t. ar ala acc na Insert image of yo ur assigned unadjusted Trial Balance HERE: Bertha, Inc December 31, 2017 Unadjusted Trial balance Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable 47 36,000 1,000 45,000 5,000 48,000 12,000 Vehicle Equipment Accumulated Depreciation Accounts Payable neamed Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2017) 75,000 42,000 12,000 14,000 2,000 45,000 106,000 2,500 2,000 Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Delivery Expense 515,000 7,000 3,000 46,000 5,000 16,000 Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense 98,000 25,000 195,000 16,000 0 6,500 36,000 739,500739 500 Total ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L GES OF THIS DLU. Part lb: Post the adjusting jour (Specifici journal entry. Write in the unadjusted balance might be a debit, a crending T journal entries from page 2 onto the structions: Above e Now you are ready to post your and then calculate adjusted 1)the account, write the account balance for balance and al ent write the sof these each of each T name of each account affected by a balances.) or zero T-accounts ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Accumulated Depreciation nts p ages P affected by a 1)the name of eacha nal entries to t-accounts: accoune on the prre adjusting journal entries rovided below new accourt names) aes provided on the previous page (do account previous names and the in s page (do not create any $5,500 1. On Dec. 31, 2017 merchandise terms 3/10 net 30 on was sold on account for $16.500 with a cost of 12% interest rate short-term note for the amount listed on 12017. All interest and principal will be paid back at 2. The company issued a 6 month, 12% interest notesort state dofthedtrial balancent the unadjustod tri baane tet adjusting joumal a nths.Wi sof Dec. 31, 201z the adjusting journal entry required for its financial p lectable Accounts Recelvables of $1.60 need to be wten off for the year end 2017 4. Mana gement estimates that of the remaining accounts receivable balance, $2,000 will be uncollectible. Record the balance AFTER the above write of adjustment based on this information. Hint: Use the AFDA during 2017, Use an AFDA T-account 5. A piece of equipment was retired on Dec. 31, 2017. and has related A/D of $24,000 as of Jan. 1, 2017. Additional depreciation of $3,000 needs to be recorded on this piece of equipment at Dec. 31, 2017. Update the depreciation below (#5). Then record the retirement (#6). The equipment originally cost $34,000 6. Record the retirement of the equipment(from#5 including the anorioss. ALL PAGES OF THS DOCUMENT MUST BE UPLOADED TO D2L
