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Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue IVANHOE COMPANY Trial Balance August 31, 2022 Rent Revenue Before Adjustment Dr. $10,100 8.700 2.300 3,900 14,900 Cr. $3,400 5.700 0 1,600 16.100 34.200 11.100 After Adjustment Dr. $10,100 9.900 600 2,500 14.900 Cr. $4.400 * 5,700 1.400 600 16.100 35.400 12.100

Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue IVANHOE COMPANY Trial Balance August 31, 2022 Rent Revenue Before Adjustment Dr. $10,100 8.700 2.300 3,900 14,900 Cr. $3,400 5.700 0 1,600 16.100 34.200 11.100 After Adjustment Dr. $10,100 9.900 600 2,500 14.900 Cr. $4.400 * 5,700 1.400 600 16.100 35.400 12.100

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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Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Prepare the income statement for the year. V 4 17,200 0 15.000 0 0 $72.100 $ 11,100 IVANHOE COMPANY Income Statement $ $72.100 18,600 1,700 15.000 1,400 1,000 $75.700 $ 12,100 $75,700
Transcribed Image Text:Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Prepare the income statement for the year. V 4 17,200 0 15.000 0 0 $72.100 $ 11,100 IVANHOE COMPANY Income Statement $ $72.100 18,600 1,700 15.000 1,400 1,000 $75.700 $ 12,100 $75,700
The trial balances before and after adjustment for Ivanhoe Company at the end of its fiscal year are presented below. Cash IVANHOE COMPANY Trial Balance August 31, 2022 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Before Adjustment Dr. $10,100 8.700 2.300 3.900 14,900 Cr. $3,400 5.700 0 1.600 16.100 34.200 11.100 After Adjustment Dr. $10,100 9.900 600 2,500 14.900 IN Cr. $4.400 5.700 1.400 600 16.100 35.400 12.100
Transcribed Image Text:The trial balances before and after adjustment for Ivanhoe Company at the end of its fiscal year are presented below. Cash IVANHOE COMPANY Trial Balance August 31, 2022 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Before Adjustment Dr. $10,100 8.700 2.300 3.900 14,900 Cr. $3,400 5.700 0 1.600 16.100 34.200 11.100 After Adjustment Dr. $10,100 9.900 600 2,500 14.900 IN Cr. $4.400 5.700 1.400 600 16.100 35.400 12.100
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