P4-2A The adjusted trial balance columns of the worksheet for Boozer Company are as follows. BOOZER COMPANY Worksheet For the Year Ended December 31, 2012 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 18,800 16,200 2,300 112 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner's Capital Owner's Drawings Service Revenue 126 130 4,400 Apago PDF Enhancer 20,000 151 152 200 20,000 201 8,000 212 2,600 230 1,000 301 26,000 306 12,000 400 87,800 610 Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense 10,000 631 3,700 711 8,000 4,000 39,000 722 726 905 1,000 Totals 165,400 165,400 Instructions (a) Complete the worksheet by extending the balances to the financial statement columns. (b) Prepare an income statement, owner's equity statement, and a classified balance sheet. $5,000 of the notes payable become due in 2013. C. Boozer did not make any additional investments in the business during 2012. (c) Prepare the closing entries. Use J14 for the journal page.

P4-2A The adjusted trial balance columns of the worksheet for Boozer Company are as follows. BOOZER COMPANY Worksheet For the Year Ended December 31, 2012 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 18,800 16,200 2,300 112 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner's Capital Owner's Drawings Service Revenue 126 130 4,400 Apago PDF Enhancer 20,000 151 152 200 20,000 201 8,000 212 2,600 230 1,000 301 26,000 306 12,000 400 87,800 610 Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense 10,000 631 3,700 711 8,000 4,000 39,000 722 726 905 1,000 Totals 165,400 165,400 Instructions (a) Complete the worksheet by extending the balances to the financial statement columns. (b) Prepare an income statement, owner's equity statement, and a classified balance sheet. $5,000 of the notes payable become due in 2013. C. Boozer did not make any additional investments in the business during 2012. (c) Prepare the closing entries. Use J14 for the journal page.

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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