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the images above are of my Fargo assignment I needed help with numbers 16, 17, 18, 19, 20, and 21, thank you. Name: ACG 3103
the images above are of my Fargo assignment I needed help with numbers 16, 17, 18, 19, 20, and 21, thank you.
Name: ACG 3103 Case: Fargo The adjusted trial balance of Fargo Company as of July 31,2017 is presented below. (Read that again, think about what that means about where Fargo is in the accounting cycle.) Notice that the total debits and credits for each account are indicated (including the beginning balances) rather than the usual account balance. For example, the cash account had transactions which re sulted in a total of $67,900 debits (including the beginning balance) and a total of S59,600 credits. All adjusting entries have been made for the month of July 2017, except the ad justme nt for inventory. Fargo's fiscal year end is June 30 Debit $67,900 58,000 700 60,000 1,200 1,700 22,000 400 31,900 Credit $59,600 54,400 1,100 Account Cash Accounts Rece ivable Allowance for Doubtful Accounts Inventory Prepaid Advertising Office Supplies on Hand Office Equipment Accumulated Depreciation Accounts Pavable Salaries Pavable Interest Pavable Divide nds Payable Notes Payable Common Stock Additional Paid-In Capital Retained Earnings Sales Sales Returns Sales Disco unts Purchases Pureha se Returns and Allowances Purchase Discounts Salaries Expense Office Supplies Expense Insurance Expense Advertising Expense Bad Debt Expense Miscellaneous Expense Depreciation Expense Interest Expense Loss on Sale of Office Equipment Totals 400 1.300 1,500 7,600 40,000 800 100 4,000 30,000 0,000 20,000 19,900 4,000 3,000 4,000 2,200 500 42,000 900 400 9.200 1,300 700 600 500 400 300 300 200 Name: ACG 3103 Case: Fargo The adjusted trial balance of Fargo Company as of July 31,2017 is presented below. (Read that again, think about what that means about where Fargo is in the accounting cycle.) Notice that the total debits and credits for each account are indicated (including the beginning balances) rather than the usual account balance. For example, the cash account had transactions which re sulted in a total of $67,900 debits (including the beginning balance) and a total of S59,600 credits. All adjusting entries have been made for the month of July 2017, except the ad justme nt for inventory. Fargo's fiscal year end is June 30 Debit $67,900 58,000 700 60,000 1,200 1,700 22,000 400 31,900 Credit $59,600 54,400 1,100 Account Cash Accounts Rece ivable Allowance for Doubtful Accounts Inventory Prepaid Advertising Office Supplies on Hand Office Equipment Accumulated Depreciation Accounts Pavable Salaries Pavable Interest Pavable Divide nds Payable Notes Payable Common Stock Additional Paid-In Capital Retained Earnings Sales Sales Returns Sales Disco unts Purchases Pureha se Returns and Allowances Purchase Discounts Salaries Expense Office Supplies Expense Insurance Expense Advertising Expense Bad Debt Expense Miscellaneous Expense Depreciation Expense Interest Expense Loss on Sale of Office Equipment Totals 400 1.300 1,500 7,600 40,000 800 100 4,000 30,000 0,000 20,000 19,900 4,000 3,000 4,000 2,200 500 42,000 900 400 9.200 1,300 700 600 500 400 300 300 200Step by Step Solution
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