47. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's statement of stockholders' equity for 2019. There were no stock issuances or repurchases during 2019. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Debit Credit Cash $ 44,000 Accounts receivable 28,000 376,000 Equipment Accumulated depreciation Notes payable $ 72,000 60,000 Common stock 130,000 Retained earnings 62,000 Service fees earned 326,000 Rent expense 44,000 Salaries expense 116,000 Depreciation expense 42,000 0 Totals $650,000 $650,000
47. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's statement of stockholders' equity for 2019. There were no stock issuances or repurchases during 2019. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Debit Credit Cash $ 44,000 Accounts receivable 28,000 376,000 Equipment Accumulated depreciation Notes payable $ 72,000 60,000 Common stock 130,000 Retained earnings 62,000 Service fees earned 326,000 Rent expense 44,000 Salaries expense 116,000 Depreciation expense 42,000 0 Totals $650,000 $650,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![47. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's statement of stockholders'
equity for 2019. There were no stock issuances or repurchases during 2019.
OMA BEAN CORPORATION
Adjusted Trial Balance
For Year Ending December 31, 2019
Debit
Credit
Cash
$ 44,000
Accounts receivable
28,000
376,000
Equipment
Accumulated depreciation
Notes payable
$ 72,000
60,000
Common stock
130,000
Retained earnings
62,000
Service fees earned
326,000
Rent expense
44,000
Salaries expense
116,000
Depreciation expense
42,000
0
Totals
$650,000
$650,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F66ecb00c-b439-47e9-bd51-9291e606d6a9%2F278c8a5a-2674-4cf0-b5e7-4eb1bff6e631%2F8wsz09m.jpeg&w=3840&q=75)
Transcribed Image Text:47. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's statement of stockholders'
equity for 2019. There were no stock issuances or repurchases during 2019.
OMA BEAN CORPORATION
Adjusted Trial Balance
For Year Ending December 31, 2019
Debit
Credit
Cash
$ 44,000
Accounts receivable
28,000
376,000
Equipment
Accumulated depreciation
Notes payable
$ 72,000
60,000
Common stock
130,000
Retained earnings
62,000
Service fees earned
326,000
Rent expense
44,000
Salaries expense
116,000
Depreciation expense
42,000
0
Totals
$650,000
$650,000
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