Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The unadjusted trial balance for Beta Industries, Inc., is given below. Beta Industries, Inc. Unadjusted Trial Balance December 31, 2009 Debit Credit Cash $ 35,300
The unadjusted trial balance for Beta Industries, Inc., is given below. Beta Industries, Inc. Unadjusted Trial Balance December 31, 2009 Debit Credit Cash $ 35,300 Accounts receivable 16,000 Supplies 1,500 Prepaid insurance 5,000 Equipment 20,000 Accumulated depreciationEquipment $ 3,200 Accounts payable 11,000 Unearned service revenue 9,800 Common stock 27,000 Retained earnings 17,000 Dividends.. 1,000 Service revenue 24,600 Salary expense 8,200 Wages expense. 800 Rent expense 3,600 Advertising expense 1,200 ______ Total $ 92,600 $ 92,600 Additional information: Supplies used during the current year amount to $700. Prepaid insurance on hand on December 31, 2009, amount to $800. Depreciation for the current year amount to $2,000. Unearned service revenue earned during the year amount to $3,500. Accrued salaries on December 31, 2009, amount to $500. Based on the unadjusted trial balance and the additional date, prepare a balance sheet for Beta Industries, Inc., dated December 31, 2009. How Bout This One
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