CrissCross Words creates crossword puzzles. It offers a subscription service for weekly puzzles and will also create custom crossword puzzles to order. Below is its adjusted trial balance for 2020. CrissCross Words Adjusted Trial Balance December 31st, 2020 Debit Credit Cash $37,000 Accounts Receivable 700 Supplies 300 Deferred Revenue $14,000 Common Stock 10,000 Retained Earnings 11,200 Service Revenue 7,000 Subscription Revenue 10,000 Rent Expense 2,400 Salaries Expense 11,000 Supplies Expense 400 Utilities Expense 400 Total $52,200 $52,200 Complete the 2020 Balance Sheet for CrissCross Words. The company's Net Income for 2020 is $2,800.
CrissCross Words creates crossword puzzles. It offers a subscription service for weekly puzzles and will also create custom crossword puzzles to order. Below is its adjusted trial balance for 2020. CrissCross Words Adjusted Trial Balance December 31st, 2020 Debit Credit Cash $37,000 Accounts Receivable 700 Supplies 300 Deferred Revenue $14,000 Common Stock 10,000 Retained Earnings 11,200 Service Revenue 7,000 Subscription Revenue 10,000 Rent Expense 2,400 Salaries Expense 11,000 Supplies Expense 400 Utilities Expense 400 Total $52,200 $52,200 Complete the 2020 Balance Sheet for CrissCross Words. The company's Net Income for 2020 is $2,800.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
CrissCross Words creates crossword puzzles. It offers a subscription service for weekly puzzles and will also create custom crossword puzzles to order. Below is its adjusted
| CrissCross Words | ||
|---|---|---|
| Adjusted Trial Balance | ||
| December 31st, 2020 | ||
| Debit | Credit | |
| Cash | $37,000 | |
| 700 | ||
| Supplies | 300 | |
| Deferred Revenue | $14,000 | |
| Common Stock | 10,000 | |
| 11,200 | ||
| Service Revenue | 7,000 | |
| Subscription Revenue | 10,000 | |
| Rent Expense | 2,400 | |
| Salaries Expense | 11,000 | |
| Supplies Expense | 400 | |
| Utilities Expense | 400 | |
| Total | $52,200 | $52,200 |
Complete the 2020
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