Question
Steve's Laundry Trial Balance December 31, 2016 Cash6,100 Laundry Supplies9,560 Prepaid Insurance8,490 Laundry Equipment105,100 Accumulated Depreciation Laundry Equipment40,200 Accounts Payable6,100 Mortgage Payable (Due 2030)10,000 Capital
Steve's Laundry
Trial Balance
December 31, 2016
Cash6,100
Laundry Supplies9,560
Prepaid Insurance8,490
Laundry Equipment105,100
Accumulated Depreciation Laundry Equipment40,200
Accounts Payable6,100
Mortgage Payable (Due 2030)10,000
Capital Stock6,000
Retained Earnings 1-1-201631,800
Dividends2,000
Laundry Revenue170,900
Wages Expense61,400
Rent Expense36,000
Utilities Expense10,000
Insurance Expense 13,650
Miscellaneous Expense12,700
income statement, retained earnings statement and balance statement for Steve's Laundry
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
