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Adjusted Trial Balance May 31 2022 Debit Credit Cash 4550 Supplies 975 Prepaid Insurance 2860 Land 15600 Buildings 78000 Accumulated Depreciation-Buiidings 325 Equipment 18000 Accumulated Depreciation-Equipment 150 Notes Payable 52000 Accounts Pavable 14544 Unearned Rent Revenue 1430 Salaries and Wages Payable 885 Interest Payable 520 Common Stock 45500 Rent Revenue 14750 Advertising Expense 780 Depreciation Expense 475 Supplies Expense 1739 Interest Expense 520 Insurance Expense 260 Salaries and Wates Expense 5175 Utilities Experse 1170 Totals 130104 130104

Adjusted Trial Balance May 31 2022 Debit Credit Cash 4550 Supplies 975 Prepaid Insurance 2860 Land 15600 Buildings 78000 Accumulated Depreciation-Buiidings 325 Equipment 18000 Accumulated Depreciation-Equipment 150 Notes Payable 52000 Accounts Pavable 14544 Unearned Rent Revenue 1430 Salaries and Wages Payable 885 Interest Payable 520 Common Stock 45500 Rent Revenue 14750 Advertising Expense 780 Depreciation Expense 475 Supplies Expense 1739 Interest Expense 520 Insurance Expense 260 Salaries and Wates Expense 5175 Utilities Experse 1170 Totals 130104 130104

FINANCIAL ACCOUNTING
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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Need help with the balance sheet
Adjusted Trial Balance May 31 2022 Debit Credit Cash 4550 24 Supplies 975 Prepaid Insurance 2860 Land 15600 Buildings 78000 Accumulated Depreciation-Buidings 325 Equipment 18000 Accumulated Depreciation-Equipment 150 Notes Payable 52000 Accounts Payable 14544 Unearned Rent Revenue 1430 Saleries and Wages Payable 885 Interest Payable 520 Common Stock 45500 Rent Revenue 14750 Advertising Expense 780 Depreciation Expense 475 Supplies Expense 1739 Interest Expense 520 Insurance Expense 260 Salaries and Wages Expense 5175 Utilities Experse 1170 Totals 130104 130104
Transcribed Image Text:Adjusted Trial Balance May 31 2022 Debit Credit Cash 4550 24 Supplies 975 Prepaid Insurance 2860 Land 15600 Buildings 78000 Accumulated Depreciation-Buidings 325 Equipment 18000 Accumulated Depreciation-Equipment 150 Notes Payable 52000 Accounts Payable 14544 Unearned Rent Revenue 1430 Saleries and Wages Payable 885 Interest Payable 520 Common Stock 45500 Rent Revenue 14750 Advertising Expense 780 Depreciation Expense 475 Supplies Expense 1739 Interest Expense 520 Insurance Expense 260 Salaries and Wages Expense 5175 Utilities Experse 1170 Totals 130104 130104
Monty Corp. Balance Sheet May 31, 2022 Assets Cash Supplies Prepaid Insurance Land Equipment 18000 Less Accumulated Depreciation-Buildings 150 Buildings 78000 Less Accumulated Depreciation-Equipment 325 Total Assets Liabilities and Stockholders' Equity Liabilities Accounts Payable 24 Salaries and Wages Payable Unearned Rent Revenue Interest Payable Notes Payable Total Current Liabilities Stockholders' Equity Common Stock 45500 Retained Earnings 4631 Total Stockholders' Equity
Transcribed Image Text:Monty Corp. Balance Sheet May 31, 2022 Assets Cash Supplies Prepaid Insurance Land Equipment 18000 Less Accumulated Depreciation-Buildings 150 Buildings 78000 Less Accumulated Depreciation-Equipment 325 Total Assets Liabilities and Stockholders' Equity Liabilities Accounts Payable 24 Salaries and Wages Payable Unearned Rent Revenue Interest Payable Notes Payable Total Current Liabilities Stockholders' Equity Common Stock 45500 Retained Earnings 4631 Total Stockholders' Equity
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