**M4 Engineering, Inc. - Financial Statement**This document presents the trial balance for M4 Engineering, Inc. The trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.**Accounts and Balances:**- **Debit:** - Cash: $40,000 - Accounts Receivable: $44,000 - Equipment: $80,000 - Dividends: $3,200 - Cost of Goods Sold: $26,000 - Salary Expense: $8,000 - Supplies Expense: $12,000 - Depreciation Expense: $2,000- **Credit:** - Allowance for Doubtful Accounts: $22,000 - Accumulated Depreciation: $4,000 - Accounts Payable: $5,200 - Notes Payable: $52,000 - Common Stock: $20,000 - Retained Earnings: $10,000 - Sales: $102,000**Totals:**- Debit Total: $215,200- Credit Total: $215,200**Explanation:**The trial balance showcases the accounting equation balance, with total debits equalling total credits. This balance indicates that the financial entries have been recorded correctly. Each account is listed with the respective amount under debit or credit, depending on the nature of the account.This setup helps in ensuring that all recorded financial transactions are balanced, safeguarding against errors in the accounting process. ### M4 Engineering Financial Statements#### M4 Engineering Income Statement- **Statement Date**: [No specific date provided]- **Gross Profit**: [Amount not provided]- **Expenses**: - Total Expense: [Amount not provided]#### M4 Engineering Statement of Stockholders’ Equity- **Balances, May 1, 2019**: - **Common Stock**: $20,000 - **Retained Earnings**: $10,000 - **Total**: $30,000- **Issued Common Stock**: - Common Stock: 0 - Retained Earnings: 0 - Total: 0- **Balances, April 30, 2020**: - Note: No stock was issued#### M4 Engineering Balance Sheet- **Statement Date**: [No specific date provided]##### Assets- **Current Assets**: [Details not provided] - Total Current Assets: [Amount not provided]- **Property, Plant, & Equipment**: [Details not provided] - Total Property, Plant, & Equipment: [Amount not provided]- **Total Assets**: [Amount not provided]##### Liabilities- **Current Liabilities**: [Details not provided] - Total Liabilities: [Amount not provided]##### Stockholders’ Equity- Total Stockholders’ Equity: [Amount not provided]- **Total Liabilities & Stockholder's Equity**: [Amount not provided]---The document provides a structure for M4 Engineering’s financial statements, including the income statement, statement of stockholders' equity, and balance sheet. Note that several specific amounts and details are not present within this document, indicating they are to be filled out based on the company’s financial data.

Name: **M4 Engineering, Inc. - Financial Statement**This document presents
Uploaded: 2024-03-05T11:47:04.000Z
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Description: **M4 Engineering, Inc. - Financial Statement**This document presents the trial balance for M4 Engineering, Inc. The trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column total

Profit and loss, stockholder equity and balance sheet as been prepared as per the requirements.

Business

Accounting

Gross Profit Expenses: Total Expense M4 Engineering Statement Date Statement of Stockholders' Equity Common Retained Stock Earnings Total Balances, May 1, 2019 2$ 20,000 S 10,000 $ 30,000 Issued Common Stock Note: No stock was issued Balances, April 30, 2020 Statement Date M4 Engineering Balance Sheet ASSETS LIABILITIES Current Assets: Current Liabilities: Total Liabilities Total Current Assets STOCKHOLDER'S EQUITY Property, Plant, & Equipment Total Stockholder's Equity Total Property, Plant, & Equipment Total Assets Total Liabilities & Stockholder's Equity

Gross Profit Expenses: Total Expense M4 Engineering Statement Date Statement of Stockholders' Equity Common Retained Stock Earnings Total Balances, May 1, 2019 2$ 20,000 S 10,000 $ 30,000 Issued Common Stock Note: No stock was issued Balances, April 30, 2020 Statement Date M4 Engineering Balance Sheet ASSETS LIABILITIES Current Assets: Current Liabilities: Total Liabilities Total Current Assets STOCKHOLDER'S EQUITY Property, Plant, & Equipment Total Stockholder's Equity Total Property, Plant, & Equipment Total Assets Total Liabilities & Stockholder's Equity

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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