How would I prepare this balance sheet? I've included the trial balance and below is the statement of stockholder equity:   Common Stock Retained Earnings Total Beginning Balances, September 30 0 0 0 Issued Common Stock             30,000.00                 30,000.00 Net Income   32281.67               32,281.67 Dividends                  (10,000.00)            (10,000.00) Ending Balances, December 31:             30,000.00                   22,281.67               52,281.67

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How would I prepare this balance sheet? I've included the trial balance and below is the statement of stockholder equity:

  Common Stock Retained Earnings Total
Beginning Balances, September 30 0 0 0
Issued Common Stock             30,000.00                 30,000.00
Net Income   32281.67               32,281.67
Dividends                  (10,000.00)            (10,000.00)
Ending Balances, December 31:             30,000.00                   22,281.67               52,281.67
A Company
Trial
Balance
20xx
Unadjusted trial balance
Adjusting entries
Adjusted trial balance
Account
Debit
Credit
Debit
Credit
Debit
Credit
Cash
51,436.75
20,500.00
51,436.75
Baking Supplies
19,400.00
1,100.00
Merchandise Inventory
175.65
175.65
Prepaid Rent
1,500.00
1,200.00
1,500.00
Prepaid Insurance
200.00
1,000.00
Baking Equipment
Accumulated Depreciation
Office Supplies
5,000.00
5,000.00
208.33
208.33
600.00
550.00
50.00
Accounts Receivable
9,700.00
9,700.00
Notes Payable
Interest Payable
Accounts Payable
Wages Payable
10,000.00
10,000.00
150.00
150.00
7,000.00
7,000.00
480.00
480.00
Common Stock
30,000.00
30,000.00
Dividends
10,000.00
10,000.00
Bakery Sales
60,000.00
60,000.00
Merchandise Sales
221.00
221.00
Baking Supplies Expense
Rent Expense
19,400.00
19,400.00
4,500.00
4,500.00
Interest Expense
150.00
150.00
Insurance Expense
200.00
200.00
Depreciation Expense
Misc. Expense
Office Supplies Expense
Business License Expense
Advertising Expense
Wages Expense
Telephone Expense
208.33
208.33
250.00
250.00
550.00
550.00
375.00
375.00
200.00
200.00
1,956.00
1,956.00
150.00
150.00
COGS
157.60
157.60
Total:
107,701.00
107,701.00
20,508.33 20,508.33
108,059.33 108,059.33
Transcribed Image Text:A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Adjusted trial balance Account Debit Credit Debit Credit Debit Credit Cash 51,436.75 20,500.00 51,436.75 Baking Supplies 19,400.00 1,100.00 Merchandise Inventory 175.65 175.65 Prepaid Rent 1,500.00 1,200.00 1,500.00 Prepaid Insurance 200.00 1,000.00 Baking Equipment Accumulated Depreciation Office Supplies 5,000.00 5,000.00 208.33 208.33 600.00 550.00 50.00 Accounts Receivable 9,700.00 9,700.00 Notes Payable Interest Payable Accounts Payable Wages Payable 10,000.00 10,000.00 150.00 150.00 7,000.00 7,000.00 480.00 480.00 Common Stock 30,000.00 30,000.00 Dividends 10,000.00 10,000.00 Bakery Sales 60,000.00 60,000.00 Merchandise Sales 221.00 221.00 Baking Supplies Expense Rent Expense 19,400.00 19,400.00 4,500.00 4,500.00 Interest Expense 150.00 150.00 Insurance Expense 200.00 200.00 Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense 208.33 208.33 250.00 250.00 550.00 550.00 375.00 375.00 200.00 200.00 1,956.00 1,956.00 150.00 150.00 COGS 157.60 157.60 Total: 107,701.00 107,701.00 20,508.33 20,508.33 108,059.33 108,059.33
Bakery
Balance Sheet
As of December 31, 2021
Assets
Liabilities and Owners' Equity
Current Assets:
Current Liabilities:
Total Current Liabilities
Long Term Liabilities:
Total Current Assets
Total Long Term Liabilities:
Total Liabilities:
Shareholder's Equity:
Non-Current Assets:
show number ao
negative as the
Total Equity
total formula will
Baking Equipment (Net)
subtract it for you.
Total Assets:
Total Liabilities & Equity
<== Do the debits equal the credits? (they should)
Transcribed Image Text:Bakery Balance Sheet As of December 31, 2021 Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Total Current Liabilities Long Term Liabilities: Total Current Assets Total Long Term Liabilities: Total Liabilities: Shareholder's Equity: Non-Current Assets: show number ao negative as the Total Equity total formula will Baking Equipment (Net) subtract it for you. Total Assets: Total Liabilities & Equity <== Do the debits equal the credits? (they should)
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To take this one step further, how would i do the closing and post closing trial balances?

1
2
3
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5
6 Date
7
8
91
600 A WN86 00 OUAWNO
10
1
12₁
13)
14
15
16
17₁
18
19
20
21
22)
23
24
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A
30
31
32
33
A Company
Closing Entries
Qtr ending 12/31/20xx
31-Dec Bakery Sales
Accounts
B
Merchandise Sales
Retained Earnings
31-Dec Retained Earnings
Baking Supplies Expense
Rent Expense
Wages Expense
Misc Expense
Business License Expense
Office Expense
Depreciation Expense
Insurance Expense
Advertising Expense
Interest Expense
Telephone Expense
COGS
31-Dec Retained Earnings
Dividends
с
Debit
60,000.00
221.00
28,096.93
10,000.00
98,317.93
D
Credit
60,221.00
19,400.00
4,500.00
1,956.00
250.00
375.00 i
550.00!
208.33
200.00
200.00 i
150.00 i
150.00
157.60
10,000.00
98,317.93
E
Transcribed Image Text:1 2 3 4 5 6 Date 7 8 91 600 A WN86 00 OUAWNO 10 1 12₁ 13) 14 15 16 17₁ 18 19 20 21 22) 23 24 25 26 27 28 29 A 30 31 32 33 A Company Closing Entries Qtr ending 12/31/20xx 31-Dec Bakery Sales Accounts B Merchandise Sales Retained Earnings 31-Dec Retained Earnings Baking Supplies Expense Rent Expense Wages Expense Misc Expense Business License Expense Office Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS 31-Dec Retained Earnings Dividends с Debit 60,000.00 221.00 28,096.93 10,000.00 98,317.93 D Credit 60,221.00 19,400.00 4,500.00 1,956.00 250.00 375.00 i 550.00! 208.33 200.00 200.00 i 150.00 i 150.00 157.60 10,000.00 98,317.93 E
A Company
Post-Closing Trial Balance
Qtr. Ending 12/31/20xx
Account
Cash
Baking Supplies
Merchandise Inventory
Prepaid Rent
Prepaid Insurance
Baking Equipment
Accumulated Depreciation
Office Supplies
Accounts Receivable
Accounts Payable
Wages Payable
Interest Payable
Notes Payable
Common Stock
Retained Earnings
Total
Unadjusted Trial Balance
Debit
Credit
<== Accu
<== Do t
Transcribed Image Text:A Company Post-Closing Trial Balance Qtr. Ending 12/31/20xx Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings Total Unadjusted Trial Balance Debit Credit <== Accu <== Do t
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