A B D 1 Adjustod Trial Balance December 31 2 3 No. 4 101 Cash 5 106 Accounts receivable 6 153 Trucks 7 154 Accumulated depreciation-Trucks 8 183 Land 9 201 Accounts payable 10 209 Salaries payable 11 233 Unearned fees 12| 301| Е. Нарр, Саpital 13 302 E. Happ, Withdrawals 14 401 Plumbing fees earned 15 611 Depreciation expense-Trucks 16 622 Salaries expense 17 640 Rent expense Account Title Dr. Cr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 46,700 13,000 $189,800 18 Totals $189,800

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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Question

The adjusted trial balance for Zahurak Company follows. Use the adjusted trial balance to prepare the December 31 year-end (a) income statement, (b) statement of owner’s equity, and (c) balance sheet. The E. Happ, Capital account balance was $65,500 on December 31 of the prior year.

A
B
D
1
Adjustod Trial Balance
December 31
2
3 No.
4 101 Cash
5 106 Accounts receivable
6 153 Trucks
7 154 Accumulated depreciation-Trucks
8 183 Land
9 201 Accounts payable
10 209 Salaries payable
11 233 Unearned fees
12| 301| Е. Нарр, Саpital
13 302 E. Happ, Withdrawals
14 401 Plumbing fees earned
15 611 Depreciation expense-Trucks
16 622 Salaries expense
17 640 Rent expense
Account Title
Dr.
Cr.
$ 7,000
27,200
42,000
$ 17,500
32,000
15,000
4,200
3,600
65,500
15,400
84,000
6,500
46,700
13,000
$189,800
18
Totals
$189,800
Transcribed Image Text:A B D 1 Adjustod Trial Balance December 31 2 3 No. 4 101 Cash 5 106 Accounts receivable 6 153 Trucks 7 154 Accumulated depreciation-Trucks 8 183 Land 9 201 Accounts payable 10 209 Salaries payable 11 233 Unearned fees 12| 301| Е. Нарр, Саpital 13 302 E. Happ, Withdrawals 14 401 Plumbing fees earned 15 611 Depreciation expense-Trucks 16 622 Salaries expense 17 640 Rent expense Account Title Dr. Cr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 46,700 13,000 $189,800 18 Totals $189,800
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