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The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.)
Depreciation on furniture for the year, $420.
Depreciation on building for the year, $980.
Depreciation on equipment for the year, $2,350
Journal Entry Problem #6 Financial Accounting Principles II 20 points The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.) a. Depreciation on furniture for the year, $420. b.Depreciation on building for the year, $980. c.Depreciation on equipment for the year, $2,350 Duck Ponds, Inc. Trial Balance December 31, 20XX Debit Credit Cash Accounts receivable Allowance for doubtful accounts Prepaid rent Supplies Investments Furniture Accumulated depreciation- furniture Equipment Accumulated depreciation- equipment Buildin Accumulated depreciation- building Accounts payable Salary payable Unearned revenue, customer deposits Bonds payable Premium of bonds pavable Common stock Retained earnings Dividends Revenue Salary expense Rent expense Utilities expense Depreciation expense-furniture Depreciation expense-equipment Depreciation expense-building Advertising expense Supplies expense Bad debts expense Interest expense 47,630 250 1,680 6,800 15,350 12,800 44,600 1,830 89,900 28,600 6,240 19,750 20,000 54,920 51,600 10,410 0 0 0 12,000 0 0 428,940 Total 428,940Step by Step Solution
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