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prepare the T-accounts for Retained Earnigs and income Summary adjust the trial balance for moxie marketing

prepare the T-accounts for Retained Earnigs and income Summary adjust the trial balance for moxie marketing

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 the T-accounts for Retained Earnigs and income Summary

adjust the trial balance for moxie marketing

Moxie Marketing Adjusted Trial Balance Dec. 31 2021 Асcount Title Debit Credit Cash 20,000 13,000 Equipment Accumul.Dep-Equipment Supplies Prepaid Rent 100 2,000 11,000 Accounts Receivable 6,750 Accounts Payable Notes Payable Unearned Revenue Salaries Payable Interest Payable Utilities Payable Share Capital Dividends 2,500 10,000 3,500 2,750 200 550 30,000 5,500 Revenue 18,500 Supplies Expense Depreciation Exp.- Equipment Salaries Expense Rent Expense Interest Expense Utilities Expense 2,500 100 2,750 1,000 200 3,300 Total 68,100 68,100 Moxie Marketing Statement of Financial Position Dec. 31 2021 Assets Equity & Liabilities Property. Plant and Equipment Equipment Accumul.Dep-Equipment Total Property, Plant and Equipment Current Assets Prepaid Rent Supplies Accounts Receivable Equity Share Capital Retained Earnings 12,900 Total Equity 13,000 (100) 30000 3,150 33,150 11,000 2,000 6,750 Non-Current Liabilities Notes Payable Current Liabilities 10,000 Unearned Revenue 3,500 Accounts Payable 39,750 Salaries Payable 52,650 Interest Payable Utilities Payable Cash 20,000 2,500 Total Current Assets 2,750 Total Assets 200 550 Total Current Liabilities 9,500 Total Equity & Liabilities 52,650
Transcribed Image Text:Moxie Marketing Adjusted Trial Balance Dec. 31 2021 Асcount Title Debit Credit Cash 20,000 13,000 Equipment Accumul.Dep-Equipment Supplies Prepaid Rent 100 2,000 11,000 Accounts Receivable 6,750 Accounts Payable Notes Payable Unearned Revenue Salaries Payable Interest Payable Utilities Payable Share Capital Dividends 2,500 10,000 3,500 2,750 200 550 30,000 5,500 Revenue 18,500 Supplies Expense Depreciation Exp.- Equipment Salaries Expense Rent Expense Interest Expense Utilities Expense 2,500 100 2,750 1,000 200 3,300 Total 68,100 68,100 Moxie Marketing Statement of Financial Position Dec. 31 2021 Assets Equity & Liabilities Property. Plant and Equipment Equipment Accumul.Dep-Equipment Total Property, Plant and Equipment Current Assets Prepaid Rent Supplies Accounts Receivable Equity Share Capital Retained Earnings 12,900 Total Equity 13,000 (100) 30000 3,150 33,150 11,000 2,000 6,750 Non-Current Liabilities Notes Payable Current Liabilities 10,000 Unearned Revenue 3,500 Accounts Payable 39,750 Salaries Payable 52,650 Interest Payable Utilities Payable Cash 20,000 2,500 Total Current Assets 2,750 Total Assets 200 550 Total Current Liabilities 9,500 Total Equity & Liabilities 52,650
Question 2: T-Accounts Income Summary Retained Earnings
Transcribed Image Text:Question 2: T-Accounts Income Summary Retained Earnings
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