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Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1,600 $324,610 $5,600 5,800 30,290 150,000 47,525 85,395 $324,610

Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1,600 $324,610 $5,600 5,800 30,290 150,000 47,525 85,395 $324,610

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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Use trial balance to prepare a properly formatted balance sheet
Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1,600 $324,610 $5,600 5,800 30,290 150,000 47,525 85,395 $324,610
Transcribed Image Text:Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1,600 $324,610 $5,600 5,800 30,290 150,000 47,525 85,395 $324,610
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