Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings ervice revenue tent expense -alaries expense -upplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119,075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $ $

Cash Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Carla Vista, capital M. Carla Vista, drawings ervice revenue tent expense -alaries expense -upplies expense Depreciation expense Debit $3,300 4,500 2,300 47,000 19,000 8,700 26,400 2,000 5,875 $119,075 Credit $17,625 5,400 10,500 21,050 64,500 $119,075 Prepare an income statement for the year. Income Statement $ Drawings Expenses Investments M. Carla Vista, Capital, August 1, 2024 M. Carla Vista, Capital, July 31, 2024 Profit/(Loss) for the year Revenues Total Expenses Total Revenues Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Cash Depreciation Expense Equipment Interest Expense Interest Payable Interest Revenue Notes Payable Patents Prepaid Rent Rent Expense Salaries Expense Service Revenue Supplies Supplies Expense Unearned Revenue $ $

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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A junior accountant at Salah Traders has prepared the post - adjustment trial balance below. He requires your assistance in preparing the financial statements for the entity. Post adjustment Trial Balance for Salah Traders for the year ended 31 October 2023. Required: Prepare the Statement for Financial Position for Salah Traders as at the 31 October 2023.
PLEASE ANSWER ACCORDINGLY
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balances 1-1-2020 cash account receivable supplies equipment (purchased 1-1-2019) accumelated depreciation unearned service revenues note payable (12% issued 31-12-2019 for 3 years) shared capital balance retained earning transactions during 2020 supplies purchased for cash services performed (1/3 of it on account) salaries expense for cash rent expenses for cash utilities expense for cash additional investment by owners for cash dividends paid for cash information relate to adjusting entries (31-12-2020) accrued salaries unpaid supplies on hand 31-12-2020 2/3 of unearned service revenues become earned do not forget adjusting entries for depreciation & interest answer the following questions relate to 31-12-2020: (رقم الطالب الجامعي)your student id | what is the total debit on the trial balance what is the total credit on adjusted trial balance what is the total debit on after closing trial balance what is the total expenses that will appear in 2020 income statement what is the total…
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Case A: Compute cash interest received Interest revenue Interest receivable, beginning of year Interest receivable, end of year For each separate case, compute the required cash flow information for BioClean. Case A: Case B: Case B: Compute cash paid for wages $5,400 Wages expense 680 Wages payable, beginning of year 1,900 Wages payable, end of year Cash received for interest Cash paid for wages $ 9,800 3,000 1,800
Account Title Balance ($) Accounts Payable 11,700Accounts Receivable 69,000Accumulated Depreciation - Building 44,200Building 439,500Cash 28,000Depreciation Expense - Building 8,750Insurance Expense 2,500Miscellaneous Expense 6,200Prepaid Insurance 2,500Repairs Expense 3,000Rent Expense 48,000Rent Revenue 12,000Salaries Expense 522,100Salaries…
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