Cats Unlimited Corporation Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Merchandise Inventory Equipment Accumulated Deprecation - Equip Vehicles Accumulated Depreciation - Vehicles Accounts Payable Salaries Payable Unearned Fig Sales Common Stock Dividends Retained Earnings Cat Sales Cat Food Sales Cat Accessories Revenue Salaries Expense Debits Depreciation Expense - Equip Depreciation Expense - Vehicles 89,200 13,750 12,000 3,190 39,800 45,670 10,000 37,770 17,960 24,560 Credits 7,860 6,850 7,430 13,590 4,100 115,000 29,110 123,900 17,540 8,540

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
Use the Trial Balance to prepare the financial statement below:
Cats Unlimited Corporation
Trial Balance
December 31, 2022
Cash
Accounts Receivable
Prepaid Insurance
Merchandise Inventory
Equipment
Accumulated Deprecation -
Equip
Vehicles
Accumulated Depreciation - Vehicles
Accounts Payable
Salaries Payable
Unearned Fig Sales
Common Stock
Dividends
Retained Earnings
Cat Sales
Cat Food Sales
Cat Accessories Revenue
Salaries Expense
Debits
Depreciation Expense - Equip
Depreciation Expense - Vehicles
89,200
13,750
12,000
3,190
39,800
45,670
10,000
37,770
17,960
24,560
Credits
7,860
6,850
7,430
13,590
4,100
115,000
29,110
123,900
17,540
8,540
Transcribed Image Text:Use the Trial Balance to prepare the financial statement below: Cats Unlimited Corporation Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Merchandise Inventory Equipment Accumulated Deprecation - Equip Vehicles Accumulated Depreciation - Vehicles Accounts Payable Salaries Payable Unearned Fig Sales Common Stock Dividends Retained Earnings Cat Sales Cat Food Sales Cat Accessories Revenue Salaries Expense Debits Depreciation Expense - Equip Depreciation Expense - Vehicles 89,200 13,750 12,000 3,190 39,800 45,670 10,000 37,770 17,960 24,560 Credits 7,860 6,850 7,430 13,590 4,100 115,000 29,110 123,900 17,540 8,540
Depreciation Expense - Equip
Depreciation Expense - Vehicles
Rent Expense
Insurance Expense
Internet Service Expense
Advertising Expense
17,960
24,560
29,500
3,760
5,480
1,280
333,920
333,920
Prepare a Statement of Retained Earnings in the proper format.
Transcribed Image Text:Depreciation Expense - Equip Depreciation Expense - Vehicles Rent Expense Insurance Expense Internet Service Expense Advertising Expense 17,960 24,560 29,500 3,760 5,480 1,280 333,920 333,920 Prepare a Statement of Retained Earnings in the proper format.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education