Question
The adjusted trial balance for Pina Colada Corp. is given below. Pina Colada Corp. Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr.
The adjusted trial balance for Pina Colada Corp. is given below.
Pina Colada Corp. Trial Balance August 31, 2020 | ||||||||
---|---|---|---|---|---|---|---|---|
Before Adjustment | After Adjustment | |||||||
Dr. | Cr. | Dr. | Cr. | |||||
Cash | $10,500 | $10,500 | ||||||
Accounts Receivable | 8,600 | 10,000 | ||||||
Supplies | 2,400 | 500 | ||||||
Prepaid Insurance | 3,900 | 2,700 | ||||||
Equipment | 12,500 | 12,500 | ||||||
Accumulated Depreciation-Equipment | $ 3,700 | $ 4,400 | ||||||
Accounts Payable | 5,900 | 5,900 | ||||||
Salaries and Wages Payable | 0 | 1,100 | ||||||
Unearned Rent Revenue | 1,300 | 700 | ||||||
Common Stock | 10,700 | 10,700 | ||||||
Retained Earnings | 3,600 | 3,600 | ||||||
Service Revenue | 34,000 | 35,400 | ||||||
Rent Revenue | 10,900 | 11,500 | ||||||
Salaries and Wages Expense | 17,000 | 18,100 | ||||||
Supplies Expense | 0 | 1,900 | ||||||
Rent Expense | 15,200 | 15,200 | ||||||
Insurance Expense | 0 | 1,200 | ||||||
Depreciation Expense | 0 | 700 | ||||||
$70,100 | $70,100 | $73,300 | $73,300 |
Pina Colada Corp. Income Statement choose the accounting period August 31, 2020For the Quarter Ended August 31, 2020For the Year Ended August 31, 2020 | ||
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select an opening name for section one DrawingsExpensesInvestmentNet Income / (Loss)Retained earnings, September 1, 2018Retained earnings, August 31, 2020RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section one DrawingsExpensesInvestmentNet Income / (Loss)Retained earnings, September 1, 2018Retained earnings, August 31, 2020RevenuesTotal ExpensesTotal Revenues | $enter a total amount for section one | |
select an opening name for section two DrawingsExpensesInvestmentNet Income / (Loss)Retained earnings, September 1, 2018Retained earnings, August 31, 2020RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DrawingsExpensesInvestmentNet Income / (Loss)Retained earnings, September 1, 2018Retained earnings, August 31, 2020RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DrawingsExpensesInvestmentNet Income / (Loss)Retained earnings, September 1, 2018Retained earnings, August 31, 2020RevenuesTotal ExpensesTotal Revenues | $enter a total net income or loss amount |
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