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What would be under non-current assets and is my balance sheet correct in placements with correct amounts? Credit Debit $ 44,700 48,500 9,500 84,000 Accounts
What would be under non-current assets and is my balance sheet correct in placements with correct amounts?
Credit Debit $ 44,700 48,500 9,500 84,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals $ 11,000 16,600 20,000 100,000 39,100 $186,700 $186,700 During January 2021, the following transactions occur: January 2 Issue an additional 2,300 shares of $1 par value common stock for $46,000. January 9 Provide services to customers on account, $20,400. January 10 Purchase additional supplies on account, $6,900. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $18,500. January 21 Provide services to customers for cash, $51,100. January 22 Receive cash on accounts receivable, $18,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 20,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $44,000. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $8,200. b. Supplies at the end of January total $7,100. c. Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $12,000. d. Accrued income taxes at the end of January are $3,100. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Unadjusted $ 5,000 4,240 Assets Current Assets Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Total Current Assets Noncurrent Assets: Grand Finale Fireworks Classified Balance Sheet January 31, 2021 Liabilities Current Liabilities: $ 93,800 Accounts Payable 50,300 Dividends Payable 9,500 Utilities Payable 84,000 Income Tax Payable 11,000 248,600 Total Current Liabilities Stockholders' Equity Common Stock Additional Paid-in Capital Treasury Stock Retained Earnings 9,240 $ 22.300 145,300 (5,700) 55,460 55.40 Total Stockholders' Equity Total Liabilities & Stockholders' Equity 217,360 226,600 Total Assets $ 248,600 $Step by Step Solution
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