Please do not give solution in image format thanku Windsor company was organized on April 1,2020. The company repairs quarterly financialstatements. The adjusted trial balance.amounts at June 30 are shown below.CashAccounts ReceivablePrepaid RentSuppliesEquipmentDividendsSalaries and Wages ExpenseRent ExpenseDepreciation ExpenseSupplies ExpenseUtilities ExpenseInterest ExpenseDebit$6,50038060080012,9006007,9001,30070020050050$32,430Accumulated Depreciation-EquipmentNotes PayableAccounts PayableSalaries and Wages PayableInterest PayableUnearned Rent RevenueCommon StockService RevenueRent RevenueCredit$7003,5008003005040014,28011,3001.100$32,430 (c)Determine the amount that appears for Retained Earnings at June 30, 2020.Retained Earnings, June 30 $

The retained earnings are increased with the net income. The dividend is declared from the retained…

Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $6,500 380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable 12,900 Interest Payable 600 Unearned Rent Revenue 7,900 Common Stock 1,300 Service Revenue Rent Revenue 600 800 700 200 500 50 Credit $700 3,500 800 300 50 400 14,280 11,300 1.100 $32,430

Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $6,500 380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable 12,900 Interest Payable 600 Unearned Rent Revenue 7,900 Common Stock 1,300 Service Revenue Rent Revenue 600 800 700 200 500 50 Credit $700 3,500 800 300 50 400 14,280 11,300 1.100 $32,430

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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