5 Skipped The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Number Account Title 101 Cash 126 128 167 168 173 174 183 201 203 208 210 213 236 251 301 302 404 406 409 606 612 623 633 637 640 652 683 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Rent payable Wages payable Property taxes payable Unearned revenue Long-term notes payable 0. Tybalt, Capital 0. Tybalt, Withdrawals Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit $ 5,000 31,100 7,000 40,000 150,000 55,000 13,000 11,000 6,000 52,900 5,100 10,000 13,400 Credit $ 20,000 50,000 16,500 2,500 3,500 2,500 900 14,500 60,000 126,400 97,000 14,000 4,100 7,400 5,000 $ 411,900 $ 411,900 Oro Tybalt invested $5,000 cash in the business during the year. The O. Tybalt, Capital account balanc

5 Skipped The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Number Account Title 101 Cash 126 128 167 168 173 174 183 201 203 208 210 213 236 251 301 302 404 406 409 606 612 623 633 637 640 652 683 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Rent payable Wages payable Property taxes payable Unearned revenue Long-term notes payable 0. Tybalt, Capital 0. Tybalt, Withdrawals Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit $ 5,000 31,100 7,000 40,000 150,000 55,000 13,000 11,000 6,000 52,900 5,100 10,000 13,400 Credit $ 20,000 50,000 16,500 2,500 3,500 2,500 900 14,500 60,000 126,400 97,000 14,000 4,100 7,400 5,000 $ 411,900 $ 411,900 Oro Tybalt invested $5,000 cash in the business during the year. The O. Tybalt, Capital account balanc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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