AISIONUFFICE OF CAMARb. Repairs expensec. Consumptiond. DepreciationVISIONASSIGNMENTThe following accounts were taken from the adjusted trial balance of DotaGaming Services for accounting period December 31, 2019:Debit12,000150,000CreditPrepaid insuranceCashDota gaming services, capitalDota gaming services, drawingDepreciation expenseOffice suppliesSalaries expenseRent expenseSupplies expenseAccounts receivableService incomeNotes receivableAccumulated depreciation- BuildingAccumulated depreciation - EquipmentLandBuildingEquipmentInterest payableMongage payableFurniture and fixturesAccumulated depreciation - turniture and fixturesUtilities expenseInsurance expense600,00010,00013,50015,00065,00015,00013,210150,91055,500OF EDUC45,00012,000250,000300,00060,0006,00085,00025,0007,5003,8006,00028Accounts payableNotes payableInterest incomeInterest receivableTOTAL95,00096,0003,5003.5001.095.5101.095.510Required:1. Income statement.(nomal form)2. Statement of changes in owner's equity.3. Statement of financial position ar Balance sheet.SION UREFERENCESI https://bench.co/blos/bookkeepine/adiustine-entries/2. https://www.Voutube.com/watch?v=gknolgeiCsU&pbireload=1013. http://www.freshbooks.com/hub/accounting/adiusting-entries4. https://www.accountingverse.com/accounting-basics/uneamed-covenunhtmlCAMARINES

A balance sheet is a representation of an individual's personal or corporation's financial balances…

RIMEAT OF EDUC The following accounts were taken from the adjusted trial balance of Dota Gaming Services for accounting period December 31, 2019: Debit 12,000 150,000 Credit Prepaid insurance Cash Dota gaming services, capital Dota gaming services, drawing Depreciation expense Office supplies Salaries expense Rent expense Supplies expense Accounts receivable Service income Notes receivable Accumulated depreciation- Building E Accumulated depreciation - Equipment Land Building Equipment Interest payable Mortgage payable Furniture and fixtures 600.000 10,000 13,500 15,000 65,000 15.000 13,210 98,000 150,910 F EDUC 55,500 45,000 12.000 250,000 300,000 60,000 6,000 85,000 25,000 Accumulated depreciation - turniture and fixtures 7,500 Utilities expense Insurance expense 3,800 6,000 28 Accounts payable Notes payable Interest income Interest receivable ТOTAL 95,000 96,000 3,500 3.500 1.095.510 1.095.510 Required: 1. Income statement.(nomal form). 2. Statement of changes in owner's equity. 3. Statement of financial position or Balance sheet. TICE OF C

RIMEAT OF EDUC The following accounts were taken from the adjusted trial balance of Dota Gaming Services for accounting period December 31, 2019: Debit 12,000 150,000 Credit Prepaid insurance Cash Dota gaming services, capital Dota gaming services, drawing Depreciation expense Office supplies Salaries expense Rent expense Supplies expense Accounts receivable Service income Notes receivable Accumulated depreciation- Building E Accumulated depreciation - Equipment Land Building Equipment Interest payable Mortgage payable Furniture and fixtures 600.000 10,000 13,500 15,000 65,000 15.000 13,210 98,000 150,910 F EDUC 55,500 45,000 12.000 250,000 300,000 60,000 6,000 85,000 25,000 Accumulated depreciation - turniture and fixtures 7,500 Utilities expense Insurance expense 3,800 6,000 28 Accounts payable Notes payable Interest income Interest receivable ТOTAL 95,000 96,000 3,500 3.500 1.095.510 1.095.510 Required: 1. Income statement.(nomal form). 2. Statement of changes in owner's equity. 3. Statement of financial position or Balance sheet. TICE OF C

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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The general trial balance of NBA Inc. includes the following accounts on December 31,2021: Inventory, including inventory expected in the ordinary course operations to be sold within 15 months Trade receivables Prepaid insurance Listed available held for trading purposes at fair value Financial assets classified as available for sale Cash, including cash surrender value of P100,000 Deferred tax asset Bank overdraft Land held for sale P1,000,000 1,200,000 80,000 200,000 800,000 300,000 150,000 250,000 200,000 What amount should be classified as total current assets on December 31,2021?
The adjusted trial balance of Palm Realtors Ltd. at December 31, 2019, appears below: Palm Realtors Ltd.Adjusted Trial BalanceDecember 31, 2019Cash $ 8,950Accounts receivable 53,530Prepaid rent 2,200Equipment 45,690Accumulated amortization $ 18,930Accounts payable 15,900Interest payable 900Salary payable 3,500Income tax payable 4,700Note payable (due 2025) 19,500Common shares 8,000Retained earnings 29,325Dividends 30,000Commissions 227,480Depreciation expense 6,260Salary expense 140,500Rent expense 26,400Interest expense 1,500Income tax expense 13,205Total $328,235 $328,235 Prepare in good form a classified statement of financial position for Palm Realtors Ltd as at December 31, 2019,
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Presented below is the trial balance of Flounder Corporation at December 31, 2020. Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals Debit $ 199,490 156,530 4,800,000 301,490 279,490 2,003,530 263,530 1,042,490 438,530 903,610 214,610 599,490 603,530 160,000 194,530 195,000 $12,355,850 Credit $ 8,103,530 93,530 458,530 66,610 138,490 99,530 152,000 28,530 83,610 902,490 1,002,490 60,000 1,003,530 80,490 82,490 $12,355,850 Prepare a…