Question
The following is the Bravo Unlimited adjusted Trial 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 Trial 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 | 120,000 | |
Retained Earnings | 214,145 | |
Service Revenue | 892,105 | |
Interest Income | 2,500 | |
Dividends | 5,000 | |
Rent Expense | 58,700 | |
Wages Expense | 527,000 | |
Supplies Expense | 42,600 | |
Utilities Expense | 8,600 | |
Depreciation Expense | 150,815 | ________ |
Totals | $1,525,565 | $1,525,565 |
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.
Bravo Unlimited | ||
Balance Sheet | ||
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