Homework Help is Here – Start Your Trial Now!
Business
Accounting
Company Trial Balance December 31, 2021 ash 46,200 ccounts receivable 86,300 llowance for doubtful accounts 4,000 nventory repaid insurance and 20,600 3,500 40,000 uilding ccumulated depreciation-Building 1,200,000 560,000 atent 12,000 opyright 18,000 ccounts payable 42,000 Inearned revenue 6,300 lotes payable* 50,000 onds payable (10 year) 300,000 remium on Bonds Payable 10,000 ommon Stock 8,000 aid-in capital in excess of par 42,000 reasury Stock etained Earnings 11,000 293,900 ividends Paid 20,000 ales revenue 1,100,000 ales discounts ost of Goods Sold Vages expense 56,000 460,000 360,000 epreciation expense 50,000 mortization expense ncome tax expense nterest expense upplies expense 3,900 5,000 17,500 6,200 2,416,200 2,416,200

Company Trial Balance December 31, 2021 ash 46,200 ccounts receivable 86,300 llowance for doubtful accounts 4,000 nventory repaid insurance and 20,600 3,500 40,000 uilding ccumulated depreciation-Building 1,200,000 560,000 atent 12,000 opyright 18,000 ccounts payable 42,000 Inearned revenue 6,300 lotes payable* 50,000 onds payable (10 year) 300,000 remium on Bonds Payable 10,000 ommon Stock 8,000 aid-in capital in excess of par 42,000 reasury Stock etained Earnings 11,000 293,900 ividends Paid 20,000 ales revenue 1,100,000 ales discounts ost of Goods Sold Vages expense 56,000 460,000 360,000 epreciation expense 50,000 mortization expense ncome tax expense nterest expense upplies expense 3,900 5,000 17,500 6,200 2,416,200 2,416,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Prepare Balance Sheet

DEF Company Trial Balance December 31, 2021 Cash 46,200 Accounts receivable 86,300 Allowance for doubtful accounts 4,000 Inventory 20,600 Prepaid insurance 3,500 Land 40,000 Building Accumulated depreciation-Building 1,200,000 560,000 Patent 12,000 Copyright Accounts payable 18,000 42,000 Unearned revenue 6,300 Notes payable* Bonds payable (10 year) 50,000 300,000 Premium on Bonds Payable 10,000 Common Stock 8,000 Paid-in capital in excess of par 42,000 Treasury Stock Retained Earnings 11,000 293,900 Dividends Paid 20,000 Sales revenue 1,100,000 Sales discounts 56,000 Cost of Goods Sold 460,000 Wages expense 360,000 Depreciation expense 50,000 Amortization expense 3,900 Income tax expense 5,000 Interest expense 17,500 Supplies expense 6,200 2,416,200 2,416,200 *Notes payable, $20,000 is due within one year, with the remainder due beyond one year.
Transcribed Image Text:DEF Company Trial Balance December 31, 2021 Cash 46,200 Accounts receivable 86,300 Allowance for doubtful accounts 4,000 Inventory 20,600 Prepaid insurance 3,500 Land 40,000 Building Accumulated depreciation-Building 1,200,000 560,000 Patent 12,000 Copyright Accounts payable 18,000 42,000 Unearned revenue 6,300 Notes payable* Bonds payable (10 year) 50,000 300,000 Premium on Bonds Payable 10,000 Common Stock 8,000 Paid-in capital in excess of par 42,000 Treasury Stock Retained Earnings 11,000 293,900 Dividends Paid 20,000 Sales revenue 1,100,000 Sales discounts 56,000 Cost of Goods Sold 460,000 Wages expense 360,000 Depreciation expense 50,000 Amortization expense 3,900 Income tax expense 5,000 Interest expense 17,500 Supplies expense 6,200 2,416,200 2,416,200 *Notes payable, $20,000 is due within one year, with the remainder due beyond one year.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS