Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are the Total assets? Wildcat Accounting Services Adjusted Trail Balance November 30 th , 2014 Debit Credit Cash $20,200.00 Accounts Receivable 70,600.00 Supplies 2500.00
What are the Total assets?
| Wildcat Accounting Services Adjusted Trail Balance November 30th, 2014 |
|
| Debit | Credit |
Cash | $20,200.00 |
|
Accounts Receivable | 70,600.00 |
|
Supplies | 2500.00 |
|
Shop Equipment | 26,600.00 |
|
Accumulated Depreciation: Shop Equipment |
| $9,600.00 |
Accounts Payable |
| 18,000.00 |
Notes Payable |
| 3,700.00 |
Income Taxes Payable |
| 26,700.00 |
Common Stock |
| 22,200.00 |
Retained Earnings |
| 5,900.00 |
Dividends | 16,700.00 |
|
Sales |
| 127,400.00 |
Cost of Goods Sold | 35,600.00 |
|
Rent Expense | 9,000.00 |
|
Wages Expense | 26,700.00 |
|
Supplies Expense | 2,900.00 |
|
Utilities Expense | 2,100.00 |
|
Depreciation Expense | 600.00 |
|
| $213,500.00 | $213,500.00 |
$118,900.00 |
$110,300.00 |
$119,900.00 |
$120,900.00 |
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