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Shown below is an adjusted trial balance for Bridgeport Ltd. at the end of its fiscal year end, October 31, 2024. BRIDGEPORT LTD. Adjusted Trial Balance October 31, 2024 Cash Accounts receivable Inventory Prepaid expenses Building Accumulated depreciation-building Accounts payable Common shares Retained earnings, Nov 1, 2023 Dividends declared Sales revenue Cost of goods sold Wages expense Supplies expense Depreciation expense Insurance expense Totals Debit $4,800 6,900 12,400 4,900 152,200 4,600 186,000 51,400 2,500 5,800 1,300 $432,800 Credit $20,600 21,200 5.500 82,400 303,100 $432,800

Shown below is an adjusted trial balance for Bridgeport Ltd. at the end of its fiscal year end, October 31, 2024. BRIDGEPORT LTD. Adjusted Trial Balance October 31, 2024 Cash Accounts receivable Inventory Prepaid expenses Building Accumulated depreciation-building Accounts payable Common shares Retained earnings, Nov 1, 2023 Dividends declared Sales revenue Cost of goods sold Wages expense Supplies expense Depreciation expense Insurance expense Totals Debit $4,800 6,900 12,400 4,900 152,200 4,600 186,000 51,400 2,500 5,800 1,300 $432,800 Credit $20,600 21,200 5.500 82,400 303,100 $432,800

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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**PLEASE SHOW INCOME STATEMENT. STATEMENT OF CHANGES IN EQUITY, STATEMENT OF FINANCIAL POSITION, PLEASE **Please answer completely and correctly with explanation computation formula steps answer in text no copy paste show explanation and computation clearly for numbers provide full working for all steps with explanation answer in text form
Shown below is an adjusted trial balance for Bridgeport Ltd. at the end of its fiscal year end, October 31, 2024. BRIDGEPORT LTD. Adjusted Trial Balance October 31, 2024 Cash Accounts receivable Inventory Prepaid expenses Building Accumulated depreciation-building Accounts payable Common shares Retained earnings, Nov 1, 2023 Dividends declared Sales revenue Cost of goods sold Wages expense Supplies expense Depreciation expense Insurance expense Totals Debit $4,800 6,900 12,400 4,900 152,200 4,600 186,000 51,400 2,500 5,800 1,300 Credit $20,600 21,200 5.500 82,400 303,100 $432,800 $432,800
Transcribed Image Text:Shown below is an adjusted trial balance for Bridgeport Ltd. at the end of its fiscal year end, October 31, 2024. BRIDGEPORT LTD. Adjusted Trial Balance October 31, 2024 Cash Accounts receivable Inventory Prepaid expenses Building Accumulated depreciation-building Accounts payable Common shares Retained earnings, Nov 1, 2023 Dividends declared Sales revenue Cost of goods sold Wages expense Supplies expense Depreciation expense Insurance expense Totals Debit $4,800 6,900 12,400 4,900 152,200 4,600 186,000 51,400 2,500 5,800 1,300 Credit $20,600 21,200 5.500 82,400 303,100 $432,800 $432,800
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