sheet (see below). Given the following post-closing trial balance, prepare the classified balance sheet. Debit $6,000 3,000 1,000 3,000 11,000 17,000 Credit Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation, Building Accounts Payable Salaries Payable Unearned Rent Notes Payable (long-term) Common Stock Retained Earnings $ 4,000 8,000 3,000 1,000 8,000 12,000 5000

sheet (see below). Given the following post-closing trial balance, prepare the classified balance sheet. Debit $6,000 3,000 1,000 3,000 11,000 17,000 Credit Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation, Building Accounts Payable Salaries Payable Unearned Rent Notes Payable (long-term) Common Stock Retained Earnings $ 4,000 8,000 3,000 1,000 8,000 12,000 5000

Name: sheet (see below). Given the following post-closing trial balance, pr
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Description: sheet (see below). Given the following post-closing trial balance, prepare the classified balance sheet.Debit$6,0003,0001,0003,00011,00017,000CreditCashAccounts ReceivableOffice SuppliesPrepaid RentLandBuildingAccumulated Depreciation, BuildingAccou

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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Update your trial balance with the following accounts and balances and then answer the questions that f Cash Accounts payable Common stock Rent expense Salaries expense Prepaid rent Supplies Total Debits 139,500 50,000 146,400 35,800 123,100 40,000 30,600 Notes payable Salaries payable Service revenue Accounts receivable Required: 1. What are the total debits and credits on your revised trial balance? Total Credits Advertising expense Retained earnings Dividends 7,600 235,700 147,000 49,900 92,200 10,200 44,200
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The following trial balance was compiled from accounting records of Okalongo-stores for the year ended 31 March 2019 Owner's equity Drawings Long term investment Petty cash Provision for bad and doubtful debts Salaries and wages Inventory Accounts receivables Accounts payables Advertisements Administrative expenses Bank overdraft Office equipment at cost Accumulated depreciation: Office equipment Cost of sales Repairs and maintenance Water and electricity Sales Bank Insurance N$ 23 000 80 000 2 000 34 000 22 000 21 300 1 600 2 600 24 000 114 000 3 600 8 650 102 700 10 500 449 950 N$ 207 300 1 200 12 500 12 000 8 400 208 550 449 950 Additional information: (1) The entity took out a fire insurance policy on 1 February 2019 and paid the annual premi of N$6 000 for coverage until 31 January 2020. (2) A credit customer who owes the business N$1 300 was declared insolvent and her accou must be written off as irrecoverable. (3) Depreciation on office equipment c must still be provided for at…
Using the following information prepare a classified balance sheet. Make sure it is in the proper columns etc. and in proper format. Accounts Payable 7,074 Accounts Receivable 70,000 Accum Depreciation-Building 1,460 Accum Depreciation-Equipt 396 Accum Depreciation-Furnishings 979 Building 395,400 Cash 6,470 Equipment 64,000 Furnishings 98,000 Interest Payable 400 Land 128,000 Long Term Investments 5,700 Mortgage Payable 329,000 Mortgage Payable-current portion 11,000 Notes Payable 40,000 Other Assets 11,000 Prepaid Insurance 4,400 Retained Earnings 394,841 Supplies 1,200 Food Inventory 1,380 Wages Payable 400
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Construct a proper Balance Sheet using the following accounts: Checking 45,000 Inventory 8,000 Accounts Receivable 10,000 Land 35,000 60,000 (10,000) Buildings Accumulated Depreciation Accounts Payable Notes Payable Retained Earnings Contruct a proper Income Statement using the following accounts Sales Sales Returns and Allowances Utilities Expense Insurance Expense Salaries Expense 10,000 22,000 116,000 Rent Expense Cost of Goods Sold Depreciation Expense 100,000 5,000 1,200 1,500 45,000 12,000 30,000 3,000
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Accounts receivable Building and equipment Cash Interest receivable. Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Divide Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue. TOTALS Multiple Choice $792 million O $819 million $1,635 million Debit $846 million $ 666 938 54 38 38 26 26 170 What would Symphony report as total shareholders' equity? 474 26 12 59 $ 2,463 Credit $ 647 77 475 27 16 15 48 816 329 29 $ 2,463
The first image is the Post Closing trial balance The second one is the format needed. Thank you!
INSTRUCTION: Determine the ending balances of the accounts (Cash, Supplies, Equipment, Account Payable, and Note Payable) based on the following journal entries a) Cash. $3,900.00 b) Equipment Payable c) Supplies d) Supplies Note Payable $3,900.00 Note Cash CR e). Note Payable $900.00 Cash $900.00 $1,000.00 Account Payable $ 1,000.00 $300.00 $700.00 $300.0 $700.00
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