Adjusted Trial Balance December 31, 20oc Accounts Debit Credit Cash $25,128 Accounts Recelvable 100,513 Inventory 40,000 Prepaid Rent Equipment 14,135 25,000 Building 125,000 Accumulated Depreciation Accounts Payable $ 50,000 25,128 Deferred Revenue 30,513 Current Portion Long-term Debt 5,000 Long-term Debt Bonds Payable 50,135 50,000 Common Stock 25,000 Treasury Stock Retained Earnings 25,000 Dividends 10,000 Revenue 200,128 Cost of Goods Sold 75,128 Salaries Expense 9.000 Rent Expense 15,000 Utilities Expense 10,000 Depreciation Expense 5.000 Interest Expense 1.000 Income Tax Expense 6.000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79.000 Beginning Balance of Common Stock on 1/1/20xx $25.000 Beginning Dalance of Retained Camings on 1/1/20xx $25.000 No new stock was issued during the accounting period.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare a classified balance sheet based on the following partial adjusted trial balance and answer the question in the second picture
Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of
the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper?
Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number.
Webcourses will add commas to your answer. For example, if you calculated the answer to be $24,123 you would only input: 24123
ASUS
f3
f4
f5
f6
f7
f8
f10
f9
f11
团
&
4
8
E
Y
D
GH
K
CV
B
96
5
%24
Transcribed Image Text:Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer. For example, if you calculated the answer to be $24,123 you would only input: 24123 ASUS f3 f4 f5 f6 f7 f8 f10 f9 f11 团 & 4 8 E Y D GH K CV B 96 5 %24
Adjusted Trial Balance
December 31, 20oc
Accounts
Debit
Credit
Cash
$25,128
Accounts Receivable
100,513
Inventory
40,000
Prepaid Rent
Equipment
Building
Accumulated Depreciation
14,135
25,000
125,000
$ 50,000
Accounts Payable
25,128
Deferred Revenue
30,513
Current Portion Long-term Debt
5,000
Long-term Debt
Bonds Payable
50,135
50,000
Common Stock
25,000
Treasury Stock
Retained Earnings
25,000
Dividends
10,000
Revenue
200,128
Cost of Goods Sold
75,128
Salaries Expense
9,000
Rent Expense
15,000
Utilities Expense
10,000
Depreciation Expense
5.000
Interest Expense
1.000
Income Tax Expense
6.000
Additional Information:
Net Income After-taxes for the Accounting Period equaled $79.000
Beginning Dalance of Common siock on 1/1/20xx 525.000
Beginning Dalance of Retained Camings on 1/1/20xx$25.000
No new stock was issued during the accountig period.
Transcribed Image Text:Adjusted Trial Balance December 31, 20oc Accounts Debit Credit Cash $25,128 Accounts Receivable 100,513 Inventory 40,000 Prepaid Rent Equipment Building Accumulated Depreciation 14,135 25,000 125,000 $ 50,000 Accounts Payable 25,128 Deferred Revenue 30,513 Current Portion Long-term Debt 5,000 Long-term Debt Bonds Payable 50,135 50,000 Common Stock 25,000 Treasury Stock Retained Earnings 25,000 Dividends 10,000 Revenue 200,128 Cost of Goods Sold 75,128 Salaries Expense 9,000 Rent Expense 15,000 Utilities Expense 10,000 Depreciation Expense 5.000 Interest Expense 1.000 Income Tax Expense 6.000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79.000 Beginning Dalance of Common siock on 1/1/20xx 525.000 Beginning Dalance of Retained Camings on 1/1/20xx$25.000 No new stock was issued during the accountig period.
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