From the following adjusted ledger balances of BIRBY SERVICE CENTER, prepare a report-form statement of financial position that ended on December 31, 2021. The Statement of Financial Position should be supported with notes. Accounts Payable 80,850 Accounts Receivable 160,910 Accumulated Depreciation – Repair and Office Equipment 140,900 Accumulated Depreciation – Furniture and Fixtures 62,380 Advances to Employees 20,000 Allowance for Doubtful Accounts 15,730 Cash 220,960 Depreciation Expense 41,500 Doubtful Accounts Expense 23,170 Furniture and Fixtures 210,000 Insurance Expense 17,870 Interest Expense 48,320 Interest Income 44,260 Mortgage Payable 365,000 Notes Payable 65,000 Notes Payable - due 2024 100,000 Notes Receivable 134,200 Prepaid Insurance 15,000 Prepaid Interest 10,600 Rent Expense 55,700 Repair and Office Equipment 565,000 Repair and Office Supplies 12,900 Repair and Office Supplies Expense 36,390 Repairs and Maintenance Expense 20,880 Salaries Expense 196,060 Service Income 725,700 Unearned Service Income 19,700 Utilities Expense 187,900 Wilmer Robles, Capital 400,000 Wilmer Robles, Drawing 60,000 Withholding Tax Payable 17,840
From the following adjusted ledger balances of BIRBY SERVICE CENTER, prepare a report-form
|
Accounts Payable |
80,850 |
|
|
160,910 |
|
|
140,900 |
|
Accumulated Depreciation – Furniture and Fixtures |
62,380 |
|
Advances to Employees |
20,000 |
|
Allowance for Doubtful Accounts |
15,730 |
|
Cash |
220,960 |
|
Depreciation Expense |
41,500 |
|
Doubtful Accounts Expense |
23,170 |
|
Furniture and Fixtures |
210,000 |
|
Insurance Expense |
17,870 |
|
Interest Expense |
48,320 |
|
Interest Income |
44,260 |
|
Mortgage Payable |
365,000 |
|
Notes Payable |
65,000 |
|
Notes Payable - due 2024 |
100,000 |
|
Notes Receivable |
134,200 |
|
Prepaid Insurance |
15,000 |
|
Prepaid Interest |
10,600 |
|
Rent Expense |
55,700 |
|
Repair and Office Equipment |
565,000 |
|
Repair and Office Supplies |
12,900 |
|
Repair and Office Supplies Expense |
36,390 |
|
Repairs and Maintenance Expense |
20,880 |
|
Salaries Expense |
196,060 |
|
Service Income |
725,700 |
|
Unearned Service Income |
19,700 |
|
Utilities Expense |
187,900 |
|
Wilmer Robles, Capital |
400,000 |
|
Wilmer Robles, Drawing |
60,000 |
|
Withholding Tax Payable |
17,840 |
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