Adjusted Trial Balance December 31 Number Account Title Debit Credit 101 Cash $ 7,000   106 Accounts receivable 27,200   153 Trucks 42,000   154 Accumulated depreciation—Trucks   $ 17,500 183 Land 32,000   201 Accounts payable   15,000 209 Salaries payable   4,200 233 Unearned revenue   3,600 307 Common stock   40,900 318 Retained earnings   24,600 319 Dividends 15,400   401 Plumbing revenue   84,000 611 Depreciation expense—Trucks 6,500   622 Salaries expense 46,700   640 Rent expense 13,000     Totals $ 189,800 $ 189,800   a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $24,600 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.

Q: 1 Cash 6,820.00 2 Accounts Receivable 34,940.00 3Prepaid Insurance 6,550.00 4Supplies 1,800.00 S…

A: Definition: Adjusting entries: Adjusting entries refers to the entries that are made at the end of…

Q: He hard the following interrim Balance as at the end of september Items Amount in shillings…

A: (a)Debits:Depreciation on Plant and MachineryDestroyed stockWages prepaidProvision for Court case…

Q: statements for Q2 (April 1- June30) based on the follow assumptions:

A: Statement of Profit and Loss for Q2        (Amount in $    Statement of Profit & Loss a/c…

Q: Camaro GTO Torino Cash   $ 2,550   $ 260   $ 1,300 Short-term investments     0     0     700…

A: In this numerical has Covered the concept of Ratio Acid test ratio is a financial measure of…

Q: Accounts payable $43,000 Inventory $117,000 Accounts receivable 40,000 Land 45,000 Building 67,000…

A: A balance sheet is also known as a statement of financial position considered as one of the most…

Q: Year Ended December 31, Debit Credit Cash $ 624,500 Accounts Receivable 100,233 465,099 277,340…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: ine following palance sneet information was provided by western Company. Year 2 Year 1 $2,800…

A: Average days to collect the accounts receivables is the number of days taken by the entity to cover…

Q: Accounts Balances Accounts payable Accounts Receivable Administrative expenses 108,000 Cash DBA…

A: Formula: Net profit = Revenues - Expenses

Q: OMR Accounts OMR Cash 60,000 Payable 65,000 Salaries 30,000 Payable Prepaid Insurance 10,000 90,000…

A: The financial statements of the business includes balance sheet and income statement.

Q: Stockton Company Adjusted Trial Balance December 31 Cash 6,313   Accounts Receivable 2,648   Prepaid…

A: Introduction: Ending retained earnings are shown in the second section of the balance sheet, under…

Q: UNADJUSTED TRIAL BALANCE Account Debit Credit Cash $68,900   Accounts receivable 116,300…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…

Q: Balance Sheet June 30th, Year 5 Assets…

A: It is the amount received from the customers during the accounting year. Sales are made on account…

Q: T Reton Ea 00 Notes Pay Wages Pay 24 Equity APIC 100.000.00 $ y Common Stock 200.000.00 S Retain…

A: The income statement is prepared to record revenue and expenses of the current period and find net…

Q: Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold…

A: Net profit margin = Net Income / Net Sales where, Net income is calculated after deducting the total…

Q: 5. Inventory is valued using weighted average and a periodic inventory system is maintained. Estelle…

A: An aging schedule is a report that shows the classification of outstanding receivable balances on…

Q: Hemmer Company reported net income for 2021 in the amount of $49,000. The company's financial…

A: A cash flow statement is a financial statement that provides all cash inflows from operating…

Q: Notes payable $ 30,000 Accumulated depreciation—Buildings $ 34,000 Prepaid insurance 4,400 Accounts…

A: TRAIL BALANCE Trail Balance is the Summary Statement of Credit & Debit Balances of All Ledgers.…

Q: Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common…

A: Closing entries are prepared to close all the temporary accounts and transfer the balance to…

Q: is:       Dec. 31, 20Y9        Dec. 31, 20Y8 Assets           Cash $70,720     $47,940…

A: Statement of cash flows:   This statement reports all the cash transactions which are responsible…

Q: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $30,000 $29,200 Inventory 75,800 76,500 Accounts…

A: Cash Flow Statement (Indirect Method) For the year ended December 31, 20Y2 Cash Flow from…

Q: Year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Inventory…

A: Step 1: gather all of the relevant financial records. Net income before taxes (EBIT), interest…

Q: Balance Sheet December 31 Assets Cash Inventory Equipment Accounts receivable Less: Accumulated…

A: Okay, let's proceed in a step-by-step manner:First, determine the sales revenue that was budgeted…

Q: Ergonomics Supply Inc., a wholesaler of office products, was organized on July 1 of the current…

A: The question is based on the concept of Journal Entries.

Q: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $30,000 $29,200 Inventory 75,800 76,500 Accounts…

A: Introduction: Statement of operating activities: All the day to day business activities of cash in…

Q: Camaro GTO Torino Cash $ 2,350 $ 220 $ 1,200 Short-term investments 0 0 700 Current receivables 250…

A: The ratio analysis helps to analyse the financial statements of the business based om various…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.