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IVANHOE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Сг. Cash $10,300 $10,300 Accounts Receivable 8,900 9,600 Supplies 2,300 500 Prepaid Insurance 3,800 2,700 Equipment 12,500 12,500 Accumulated Depreciation-Equipment $ 3,700 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,100 Unearned Rent Revenue 1,600 700 Owner's Capital 13,500 13,500 Service Revenue 34,200 34,900 Rent Revenue 10,800 11,700 Salaries and Wages Expense 17,000 18,100 Supplies Expense 1,800 Rent Expense 14,900 14,900 Insurance Expense 1,100 Depreciation Expense 800 $69,700 $69,700 $72,300 $72,300

IVANHOE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Сг. Cash $10,300 $10,300 Accounts Receivable 8,900 9,600 Supplies 2,300 500 Prepaid Insurance 3,800 2,700 Equipment 12,500 12,500 Accumulated Depreciation-Equipment $ 3,700 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,100 Unearned Rent Revenue 1,600 700 Owner's Capital 13,500 13,500 Service Revenue 34,200 34,900 Rent Revenue 10,800 11,700 Salaries and Wages Expense 17,000 18,100 Supplies Expense 1,800 Rent Expense 14,900 14,900 Insurance Expense 1,100 Depreciation Expense 800 $69,700 $69,700 $72,300 $72,300

FINANCIAL ACCOUNTING
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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Prepare balance sheet. 

IVANHOE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Сг. Cash $10,300 $10,300 Accounts Receivable 8,900 9,600 Supplies 2,300 500 Prepaid Insurance 3,800 2,700 Equipment 12,500 12,500 Accumulated Depreciation-Equipment $ 3,700 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,100 Unearned Rent Revenue 1,600 700 Owner's Capital 13,500 13,500 Service Revenue 34,200 34,900 Rent Revenue 10,800 11,700 Salaries and Wages Expense 17,000 18,100 Supplies Expense 1,800 Rent Expense 14,900 14,900 Insurance Expense 1,100 Depreciation Expense 800 $69,700 $69,700 $72,300 $72,300
Transcribed Image Text:IVANHOE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Сг. Cash $10,300 $10,300 Accounts Receivable 8,900 9,600 Supplies 2,300 500 Prepaid Insurance 3,800 2,700 Equipment 12,500 12,500 Accumulated Depreciation-Equipment $ 3,700 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,100 Unearned Rent Revenue 1,600 700 Owner's Capital 13,500 13,500 Service Revenue 34,200 34,900 Rent Revenue 10,800 11,700 Salaries and Wages Expense 17,000 18,100 Supplies Expense 1,800 Rent Expense 14,900 14,900 Insurance Expense 1,100 Depreciation Expense 800 $69,700 $69,700 $72,300 $72,300
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