Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

using the information above,prepare a post-closing trial balance for shutterbug photography (dated december 32,2017) Calendar Support BAU BAUGO BAU Library ccounti... Overview Plans Resources Status

image text in transcribed
using the information above,prepare a post-closing trial balance for shutterbug photography (dated december 32,2017)
image text in transcribed
Calendar Support BAU BAUGO BAU Library ccounti... Overview Plans Resources Status and follow-up Par The adjusted trial balance of Shutterbug Photography at December 31, 2017 is as follows: Accounts Debit Credit Cash $15.000 Accounts Receivable 30,000 Prepaid Insurance 7,500 Supplies 3.200 Building 160.000 Accumulated Depreciation--Building $12.000 75,000 Equipment Accumulated Depreciation Equipment 8.500 Land 40.000 Accounts Payable 12.000 Salaries Payable 2.000 Unearned Revenue 25,000 Mortgage Payable 100.000 1. Smith. Capital 21.290 T. Smith Withdrawals 23.000 Service Revenue 299,000 Salaries Expense 61.000 6.150 Depreciation Expense-Building and Equipment Supplies Expense 14.040 Insurance Expense 14,000 20.900 Utilities Expense Total S469.790 5469790 the inner har for shariner 13C The adjusted trial balance of Shutterbug Photography at December 31, 2017 is as follows: Accounts Debit Credit Cash $15,000 Accounts Receivable 30,000 Prepaid Insurance 7.500 Supplies 3,200 160,000 Building Accumulated Depreciation-Building $12.000 75,000 Equipment Accumulated Depreciation-Equipment 8.500 Land 40,000 Accounts Payable 12.000 Salaries Payable 2.000 Unearned Revenue 25,000 Mortgage Payable 100.000 T. Smith, Capital 21.290 T. Smith. Withdrawals 23.000 Service Revenue 289.000 61,000 Salaries Expense Depreciation Expense--Building and Equipment Supplies Expense Insurance Expense 6,150 14.040 14.000 Utilities Expense 20.900 Total 546 8790 5469.290 13C

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions

Question

What are the objectives of listening?

Answered: 1 week ago

Question

What is the orientation toward time?

Answered: 1 week ago

Question

4. How is culture a contested site?

Answered: 1 week ago