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Use the information below to prepare the Balance Sheet as of December 31. Glow Styling Adjusted Trial Balance December 31 Account Title Debit Credit Cash
Use the information below to prepare the Balance Sheet as of December 31.
| Glow Styling | ||
| Adjusted Trial Balance | ||
| December 31 |
| |
| Account Title | Debit | Credit |
| Cash | $4,200.00 | |
| Rent Receivable | $200.00 | |
| Prepaid Insurance($1480-$1240) | $240.00 | |
| Shop Supplies(Given) | $210.00 | |
| Shop Equipment | $3,860.00 | |
| Building | $57,500.00 | |
| Land | $55,000.00 | |
| Accumulated Depreciation-Shop Equipment($770+$350) | $1,120.00 | |
| Accumulated Depreciation-Building($3840+$2220) | $6,060.00 | |
| Wages Payable($50*4) | $200.00 | |
| Property Taxes Payable(given) | $450.00 | |
| Interest Payable(given) | $600.00 | |
| Unearned Rent($1600-$800) | $800.00 | |
| Long Term Note Payable | $50,000.00 | |
| G.Capital | $49,860.00 | |
| Rent Earned($2400+$200+$800) | $3,400.00 | |
| Fees Earned | $23,400.00 | |
| Wages Expense($3200+$200) | $3,400.00 | |
| Utilities Expense | $690.00 | |
| Property Taxes Expense($600+$450) | $1,050.00 | |
| Insurance Expense | $1,240.00 | |
| Shop Supplies Expense($990-$210) | $780.00 | |
| Depreciation Expense-Shop Equipment(Given) | $350.00 | |
| Depreciation Expense-Building(Given) | $2,220.00 | |
| Interest Expense($4350+$600) | $4,950.00 | |
| Total | $ 1,35,890.00 | $ 1,35,890.00 |
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Content Audits And Inventories A Handbook
Authors: Paula Ladenburg Land
1st Edition
1937434389, 978-1937434380
