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Bruce Company Adjusted Trial Balance December 31, 2020 Cash 60,000 Notes Receivable 250,000 Office Supplies 48,000 Land 300,000 Building 1,590,000 Accumulated Depreciation - Building P 216,000 Equipment Accumulated Depreciation - Equipment 2,150,000 489,000 Accounts Payable Tax Payable 550,000 40,000 Bruce, Capital, 1/1/2020 2,537,000 Bruce, Withdrawal 500,000 Consulting Revenues Salaries Expense 1,548,000 400,000 Advertising Expense Miscellaneous Expense 50,000 32,000 P5,380,000 P5,380,000

Bruce Company Adjusted Trial Balance December 31, 2020 Cash 60,000 Notes Receivable 250,000 Office Supplies 48,000 Land 300,000 Building 1,590,000 Accumulated Depreciation - Building P 216,000 Equipment Accumulated Depreciation - Equipment 2,150,000 489,000 Accounts Payable Tax Payable 550,000 40,000 Bruce, Capital, 1/1/2020 2,537,000 Bruce, Withdrawal 500,000 Consulting Revenues Salaries Expense 1,548,000 400,000 Advertising Expense Miscellaneous Expense 50,000 32,000 P5,380,000 P5,380,000

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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Journalized the given photo
Bruce Company Adjusted Trial Balance December 31, 2020 Cash 60,000 Notes Receivable 250,000 Office Supplies 48,000 Land 300,000 Building 1,590,000 Accumulated Depreciation - Building P 216,000 Equipment Accumulated Depreciation - Equipment Accounts Payable Таx Payable 2,150,000 489,000 550,000 40,000 Bruce, Capital, 1/1/2020 Bruce, Withdrawal 2,537,000 500,000 Consulting Revenues Salaries Expense 1,548,000 400,000 Advertising Expense 50,000 Miscellaneous Expense 32,000 P5,380,000 P5,380,000
Transcribed Image Text:Bruce Company Adjusted Trial Balance December 31, 2020 Cash 60,000 Notes Receivable 250,000 Office Supplies 48,000 Land 300,000 Building 1,590,000 Accumulated Depreciation - Building P 216,000 Equipment Accumulated Depreciation - Equipment Accounts Payable Таx Payable 2,150,000 489,000 550,000 40,000 Bruce, Capital, 1/1/2020 Bruce, Withdrawal 2,537,000 500,000 Consulting Revenues Salaries Expense 1,548,000 400,000 Advertising Expense 50,000 Miscellaneous Expense 32,000 P5,380,000 P5,380,000
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