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Answer the following using the attached ADJUSTED TRIAL BALANCE 1. Total Assets 2. Total Liabilities 3. Total Equity

Answer the following using the attached ADJUSTED TRIAL BALANCE 1. Total Assets 2. Total Liabilities 3. Total Equity

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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Answer the following using the attached ADJUSTED TRIAL BALANCE 1. Total Assets 2. Total Liabilities 3. Total Equity
Transcribed Image Text:Answer the following using the attached ADJUSTED TRIAL BALANCE 1. Total Assets 2. Total Liabilities 3. Total Equity
Account Title CASH ACCOUNTS RECEIVABLE SUPPLIES PREPAID RENT EQUIPMENT ACCU DEPRECIATION ACCOUNTS PAYABLE NOTES PAYABLE UTILITIES PAYABLE INTEREST PAYABLE SERVICE REVENUE WAGES EXPENSE SUPPLIES EXPENSE RENT EXPENSE DEPRECIATION EXPENSE ELECTRICITY EXPENSE TELEPHONE EXPENSE INTEREST EXPENSE Totals Unadjusted Trial Balance Debit Credit 10430.00 5900.00 22807.00 24000.00 37000.00 18200.00 2470.00 1494.00 5200.00 30537.00 3964.00 82600.00 122301.00 122301.00 Debit Adjustments Credit 18480.00 12000.00 1100.00 150.00 31730.00 18480.00 12000.00 1100.00 150.00 31730.00 Adjusted Trial Balance Debit Credit 10430.00 5900.00 4327.00 12000.00 37000.00 1100.00 5200.00 30537.00 3964.00 150.00 82600.00 18200.00 18480.00 2000.0 1100.00 2470.00 1494.00 150.00 123551.00 123551.00
Transcribed Image Text:Account Title CASH ACCOUNTS RECEIVABLE SUPPLIES PREPAID RENT EQUIPMENT ACCU DEPRECIATION ACCOUNTS PAYABLE NOTES PAYABLE UTILITIES PAYABLE INTEREST PAYABLE SERVICE REVENUE WAGES EXPENSE SUPPLIES EXPENSE RENT EXPENSE DEPRECIATION EXPENSE ELECTRICITY EXPENSE TELEPHONE EXPENSE INTEREST EXPENSE Totals Unadjusted Trial Balance Debit Credit 10430.00 5900.00 22807.00 24000.00 37000.00 18200.00 2470.00 1494.00 5200.00 30537.00 3964.00 82600.00 122301.00 122301.00 Debit Adjustments Credit 18480.00 12000.00 1100.00 150.00 31730.00 18480.00 12000.00 1100.00 150.00 31730.00 Adjusted Trial Balance Debit Credit 10430.00 5900.00 4327.00 12000.00 37000.00 1100.00 5200.00 30537.00 3964.00 150.00 82600.00 18200.00 18480.00 2000.0 1100.00 2470.00 1494.00 150.00 123551.00 123551.00
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