Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the Net Income, Ending retained earnings, and total assets (no commas , nearest dollar amount)? Adrift Kayak Sales & Services Chart of Accounts

What is the Net Income, Ending retained earnings, and total assets (no commas , nearest dollar amount)?image text in transcribed

Adrift Kayak Sales & Services Chart of Accounts as of December 31, 20XX Account Description Balance Account # 2100 5850 1200 1820 2310 5615 1060 2160 3350 2180 5020 5660 3600 1725 5900 2190 3560 2150 1250 5770 4020 5775 7900 Accounts Payable Insurance Expense Accounts Receivable Accumulated Depreciation Note Payable Advertising Expense Cash Income Tax Payable Common Stock Interest Payable Cost of Goods sold Depreciation Expense Dividends Equipment Interest Expense Dividends Payable Retained Earnings Salaries Pavable Inventory Salaries Expense Sales Revenue Supplies Expense Income Tax Expense 65,251 4,426 $356,420 71,415 $213,080 34,963 92,625 79,434 60,000 162 $235,834 15,082 5,400 $428,154 162 5,400 $247,716 27,044 $125,205 $220,541 $893,659 64,915 79,434 Total $ 3,326,322

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

Explain the principles of planning theory

Answered: 1 week ago

Question

3. Define the roles individuals play in a group

Answered: 1 week ago