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The adjusted trial balance for Bonita Co. is presented in the following worksheet for the month ended April 30, 2020. BONITACO. Worksheet (PARTIAL) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash $20,632 %24 20.632 Accounts Receivable 8,580 8.580 Prepaid Rent 2,511 2511 Equipment 19,710 19.710 Accumulated Depreciation-Equipment 5.126 5,126 Notes Payable 7.360 7,360 Accounts Payable 6,132 6.132 Common Stock 36.620 36.620 Retained Earnings-April 1, 2020 1.000 1.000 Dividends 6.650 6.650 Service Revenue 14.250 14.250 Salaries and Wages Expense 8.500 8.500 Rent Expense 3,760 3.760 Depreciation Expense 145 145 Interest Expense 314 314 Interest Payable 314 314 Totals S70,802 $70,802 Net Income Totals Prepare a classified balance sheet. (List current assets in order of liquidity. Enter negative amounts preceeding either - sign, eg 45or in parentheses, eg (45)) BONITA CO. Balance Sheet Assets Liabilities and Stockholders' Equity

The adjusted trial balance for Bonita Co. is presented in the following worksheet for the month ended April 30, 2020. BONITACO. Worksheet (PARTIAL) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash $20,632 %24 20.632 Accounts Receivable 8,580 8.580 Prepaid Rent 2,511 2511 Equipment 19,710 19.710 Accumulated Depreciation-Equipment 5.126 5,126 Notes Payable 7.360 7,360 Accounts Payable 6,132 6.132 Common Stock 36.620 36.620 Retained Earnings-April 1, 2020 1.000 1.000 Dividends 6.650 6.650 Service Revenue 14.250 14.250 Salaries and Wages Expense 8.500 8.500 Rent Expense 3,760 3.760 Depreciation Expense 145 145 Interest Expense 314 314 Interest Payable 314 314 Totals S70,802 $70,802 Net Income Totals Prepare a classified balance sheet. (List current assets in order of liquidity. Enter negative amounts preceeding either - sign, eg 45or in parentheses, eg (45)) BONITA CO. Balance Sheet Assets Liabilities and Stockholders' Equity

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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The adjusted trial balance for Bonita Co. is presented in the following worksheet for the month ended April 30, 2020. BONITACO. Worksheet (PARTIAL) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash $20,632 %24 20.632 Accounts Receivable 8,580 8.580 Prepaid Rent 2,511 2511 Equipment 19,710 19.710 Accumulated Depreciation-Equipment 5.126 5,126 Notes Payable 7.360 7,360 Accounts Payable 6,132 6.132 Common Stock 36.620 36.620 Retained Earnings-April 1, 2020 1.000 1.000 Dividends 6.650 6.650 Service Revenue 14.250 14.250 Salaries and Wages Expense 8.500 8.500 Rent Expense 3,760 3.760 Depreciation Expense 145 145 Interest Expense 314 314 Interest Payable 314 314 Totals S70,802 $70,802 Net Income Totals
Transcribed Image Text:The adjusted trial balance for Bonita Co. is presented in the following worksheet for the month ended April 30, 2020. BONITACO. Worksheet (PARTIAL) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash $20,632 %24 20.632 Accounts Receivable 8,580 8.580 Prepaid Rent 2,511 2511 Equipment 19,710 19.710 Accumulated Depreciation-Equipment 5.126 5,126 Notes Payable 7.360 7,360 Accounts Payable 6,132 6.132 Common Stock 36.620 36.620 Retained Earnings-April 1, 2020 1.000 1.000 Dividends 6.650 6.650 Service Revenue 14.250 14.250 Salaries and Wages Expense 8.500 8.500 Rent Expense 3,760 3.760 Depreciation Expense 145 145 Interest Expense 314 314 Interest Payable 314 314 Totals S70,802 $70,802 Net Income Totals
Prepare a classified balance sheet. (List current assets in order of liquidity. Enter negative amounts preceeding either - sign, eg 45or in parentheses, eg (45)) BONITA CO. Balance Sheet Assets Liabilities and Stockholders' Equity
Transcribed Image Text:Prepare a classified balance sheet. (List current assets in order of liquidity. Enter negative amounts preceeding either - sign, eg 45or in parentheses, eg (45)) BONITA CO. Balance Sheet Assets Liabilities and Stockholders' Equity
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