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what is incomplete about this????? Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590
what is incomplete about this?????
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,640 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Credit Cash $ 1,650 Accounts receivable 2,220 Interest receivable 240 Prepaid insurance 1,760 Long-term notes receivable 2,910 Equipment 15,100 Accumulated depreciation $ 2,880 Accounts payable 2,340 Dividends payable 590 Accrued expenses payable 3,850 Income taxes payable 2,570 Unearned rent revenue 420 Common Stock (820 shares) 82 Additional paid-in capital 3,438 Retained earnings 3,530 Sales revenue 36,950 Interest revenue 140 Rent revenue 690 Wages expense 18,800 Depreciation expense 1,720 Utilities expense 420 720 Insurance expense Rent expense 9,140 Income tax expense 2,800 Total $ 57,480 $ 57,480 X Answer is not complete. CATENA'S MARKETING COMPANY Balance Sheet Assets Current assets: $ 1,650 2,220 Cash Accounts receivable Interest receivable Prepaid insurance 240 1,760 Total current assets 5,870 Notes receivable 2,910 Equipment (net of accumulated depreciation) 12,220 Total assets $ 21,000 Liabilities Current liabilities: Accounts payable Dividends payable Accrued expenses payable $ 2,340 590 3,850 >16 A Total assets $ 21,000 Liabilities $ 2,340 Current liabilities: Accounts payable Dividends payable Accrued expenses payable Income taxes payable 590 3,850 2,570 Unearned rent revenue 420 9,770 Total current liabilities Stockholders' equity Common stock 82 3,438 Additional paid-in capital Retained earnings 7,710 11,230 Total stockholders' equity Total liabilities and stockholders' equity $ 21,000 Step by Step Solution
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