Question
The following is the Alpha Dog Company adjusted Trial Balance. Alpha Dog Company Adjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450
The following is the Alpha Dog Company adjusted Trial Balance.
Alpha Dog Company | ||
Adjusted Trial Balance | ||
December 31, 2016 | ||
Account Title | Debit | Credit |
Cash | $88,450 |
|
Accounts Receivable | 181,860 |
|
Supplies | 36,255 |
|
Stock Investment | 130,500 |
|
Equipment | 295,285 |
|
Accumulated Depreciation |
| $236,260 |
Accounts Payable |
| 47,555 |
Wages Payable |
| 35,000 |
Capital Stock |
| 195,000 |
Retained Earnings |
| 136,145 |
Service Revenue |
| 898,105 |
Interest Income |
| 1,500 |
Rent Expense | 66,000 |
|
Wages Expense | 537,260 |
|
Supplies Expense | 42,520 |
|
Depreciation Expense | 164,595 |
|
Dividends | 6,840 | ________ |
Totals | $1,549,565 | $1,549,565 |
What are the dollar values that will appear in Alpha Dog Company's year end financial statements for the following line items: (For any negative dollar value the number must be enclosed in brackets and do not use a minus sign.)
1. Total Current Assets
2. Total Long Term Investments
3. Total Assets
4. Total Liabilities
5. Total Equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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