Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the net balance of longterm assets to appear on the balance

The accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the net balance of longterm assets to appear on the balance sheet?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

image text in transcribed

\begin{tabular}{c} ConnerServiceCompanyAdjustedTrialBalanceSeptember30,2025 \\ \hline Account Title \end{tabular} \begin{tabular}{lrr} Service Revenue & & 27,000 \\ Supplies Expense & 500 & \\ Unearned Revenue (short - term) & & 1,700 \\ Utilities Expense & 700 & \\ \cline { 2 - 3 } Total & $76,700 & $76,700 \end{tabular} A. $37,700 B. $18,200 C. $11,300 D. $24,100 Conner,Capital,August31,2025Conner,WithdrawalsDepreciationExpense-EquipmentEquipmentNotesPayable(long-term)19,1001,90050038,80018,200 \begin{tabular}{llr} \hline Accounts Payable & & $9,600 \\ Accounts Receivable & $3,000 & \\ AccumulatedDepreciation,EquipmentCash & 14,800 & 1,100 \end{tabular} SuppliesPrepaidRentRentExpenseSalariesExpense1,4004,9001,2009,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions