Question
The adjusted trial balance for Orioles Animations is presented below. ORIOLE COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,300 Accounts receivable 4,100
The adjusted trial balance for Orioles Animations is presented below.
ORIOLE COMPANY Adjusted Trial Balance December 31, 2021 | |||
---|---|---|---|
Debit | Credit | ||
Cash | $3,300 | ||
Accounts receivable | 4,100 | ||
Prepaid expenses | 2,600 | ||
Equipment | 46,000 | ||
Accumulated depreciationequipment | $17,250 | ||
Accounts payable | 5,100 | ||
Unearned revenue | 9,800 | ||
M. Oriole, capital | 22,600 | ||
M. Oriole, drawings | 20,000 | ||
Service revenue | 63,200 | ||
Rent expense | 9,900 | ||
Salaries expense | 24,300 | ||
Supplies expense | 2,000 | ||
Depreciation expense | 5,750 | ||
$117,950 | $117,950 |
Prepare an income statement for the year. Mr. Oriole invested $5,400 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Prepare a statement of owners equity for the year. Mr. Oriole invested $5,400 cash in the business during the year. (List items that increase owner's equity first.)
Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.)
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