Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent 20,000.00 60,000.00 309,000.00 Cash on Hand Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated %$4 137,500.00 $4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) Sales 49,000.00 $4 130,000.00 140,000.00 1,257,500.00 $4 Purchases 500,000.00 Salaries and Wages- $ 40,500.00 Store 2$ 15,000.00 Purchase Discount Office Furniture and 214,500.00 Equipment Depreciation Expense - Office Furniture and $ 25,000.00 Equipment Accounts Recievable Bad Debts Expense Interest Expense Store Supplies Used Depreciation Expense - 38,000.00 2,800.00 67,500.00 5,500.00 20,000.00 2$ 24 2$

Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent 20,000.00 60,000.00 309,000.00 Cash on Hand Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated %$4 137,500.00 $4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) Sales 49,000.00 $4 130,000.00 140,000.00 1,257,500.00 $4 Purchases 500,000.00 Salaries and Wages- $ 40,500.00 Store 2$ 15,000.00 Purchase Discount Office Furniture and 214,500.00 Equipment Depreciation Expense - Office Furniture and $ 25,000.00 Equipment Accounts Recievable Bad Debts Expense Interest Expense Store Supplies Used Depreciation Expense - 38,000.00 2,800.00 67,500.00 5,500.00 20,000.00 2$ 24 2$

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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