What is Net Income for the period ending December 31, 2018?

What is Ending Retained Earnings for the period ending December 31, 2018?

What are Total Current Assets as of December 31, 2018?

What are Total Current Liabilities as of December 31, 2018?

What is Total Stockholders' Equity as of December 31, 2018?

What is Total Assets as of December 31, 2018?

The prepaid insurance balance reflects a 12-month insurance policy which started on Sept. 1, 2018, and no adjustments were made from Sept. 1 Dec. 31, 2018. Write the adjusting journal entry for Dec. 31, 2018.

Dr. [1]_______________ [2]$_____________

Cr. [3]________________ [4]$____________

Additional depreciation expense of $15,000 needs to be recorded for the year ended 2018.

Dr. [1]_______________ [2]$_____________

Cr. [3]________________ [4]$____________

Wages due to employees of $8,000 need to be recorded at year end. These wages will be paid to employees on January 9, 2019 (next month

Dr. [1]_______________ [2]$_____________

Cr. [3]________________ [4]$____________

The company has completed $12,900 of the amount in unearned revenue as of Dec. 31^st.

Dr. [1] _______________ [2]$_____________

Cr. [3] ________________ [4] $____________

In December the company provided services worth $8,000 to clients that were not yet billed or recorded by Dec. 31.

Dr. [1] _______________ [2]$_____________

Cr. [3] ________________ [4] $____________

On Dec 31^st the company completed a physical count of their supplies and determined that only $4,000 of supplies are still on hand.

Dr. [1] _______________ [2]$_____________

Cr. [3] ________________ [4] $____________

What is the ending balance in the Prepaid Insurance account?

What is the ending balance in the Service Revenue account?

What is the total amount of credits in the Adjusted Trial Balance?

Jannsen Company Adjusted Trial Balance December 31, 2018 102,000 23,000 4,000 16,000 110,000 26,100 70,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 25,000 5,000 2,000 8,500 35,000 40,000 63,600 5,000 497,000 14,000 34,000 15,000 41,000 20,000 150,000 14,000 2,000 30,000 676,100 676,100 Lauren Company Unadjusted Trial Balance December 31, 2018 140,000 30,000 11,900 24,000 100,000 14,000 64,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 45,000 9,000 23,500 12,500 46,000 23,000 65,700 4,000 586,000 1,800 50,000 6,000 64,000 10,000 190,000 50,000 6,000 45,000 810,700 810,700