Emily O'brien Consulting Trial Balance 7/31/20 Account Debit Credit Cash 30,000 Acct. Receivable 8,000 Office Supplies 1,200 Prepaid Insurance 2,400 Equipment 31,000 Account Payable 3,000 Unearned Revenue 1,500 Notes Payable 27,000 O’brian’s Capital 30,000 O’brian’s Withdrawers 2,500 Service Revenue 16,000 Salaries Expenses 1,200 Rent Expenses 1,000 Utilities Expenses 200 TOTAL 77,500 77,500 Prepaid the income statement for the month ended 12/31/21 Prepaid the statement of owner’s equity for the month end 12/31/21 The owner did not make any contribution during the period. Prepare the balance sheet as of 12/31/21
Emily O'brien Consulting Trial Balance 7/31/20 Account Debit Credit Cash 30,000 Acct. Receivable 8,000 Office Supplies 1,200 Prepaid Insurance 2,400 Equipment 31,000 Account Payable 3,000 Unearned Revenue 1,500 Notes Payable 27,000 O’brian’s Capital 30,000 O’brian’s Withdrawers 2,500 Service Revenue 16,000 Salaries Expenses 1,200 Rent Expenses 1,000 Utilities Expenses 200 TOTAL 77,500 77,500 Prepaid the income statement for the month ended 12/31/21 Prepaid the statement of owner’s equity for the month end 12/31/21 The owner did not make any contribution during the period. Prepare the balance sheet as of 12/31/21
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter4: Posting To A General Ledger
Section4.2: Posting From A General Journal To A General Ledger And Proving Cash
Problem 1OYO
Related questions
Question
100%
Emily O'brien Consulting
Account |
Debit |
Credit |
Cash |
30,000 |
|
Acct. Receivable |
8,000 |
|
Office Supplies |
1,200 |
|
Prepaid Insurance |
2,400 |
|
Equipment |
31,000 |
|
Account Payable |
3,000 |
|
Unearned Revenue |
1,500 |
|
Notes Payable |
27,000 |
|
O’brian’s Capital |
30,000 |
|
O’brian’s Withdrawers |
2,500 |
|
Service Revenue |
16,000 |
|
Salaries Expenses |
1,200 |
|
Rent Expenses |
1,000 |
|
Utilities Expenses |
200 |
|
TOTAL |
77,500 |
77,500 |
- Prepaid the income statement for the month ended 12/31/21
- Prepaid the statement of owner’s equity for the month end 12/31/21
The owner did not make any contribution during the period.
- Prepare the
balance sheet as of 12/31/21
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning