Question
The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable
The following is the Bravo Unlimited adjusted Trail Balance.
Bravo Unlimited | ||
Adjusted Trial Balance | ||
December 31, 2016 | ||
Account Title | Debit | Credit |
Cash | $88,450 |
|
Accounts Receivable | 231,860 |
|
Supplies | 17,255 |
|
Equipment | 395,285 |
|
Accumulated Depreciation |
| $224,260 |
Accounts Payable |
| 72,555 |
Capital Stock |
| 220,000 |
Retained Earnings |
| 111,145 |
Service Revenue |
| 893,105 |
Interest Income |
| 1,500 |
Dividends | 2,000 |
|
Rent Expense | 58,500 |
|
Wages Expense | 527,260 |
|
Supplies Expense | 42,520 |
|
Utilities Expense | 8,595 |
|
Depreciation Expense | 150,840 | ________ |
Totals | $1,522,565 | $1,522,565 |
Use this information to prepare the Balance Sheet for the fiscal year. There are additional lines in the formatted Balance Sheet form to allow for authorized alternate presentations.
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