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The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600

The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600

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 Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash Accounts receivable Supplies Prepaid insurance WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600
Transcribed Image Text:The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash Accounts receivable Supplies Prepaid insurance WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600
Prepare Waterway Design Company's income statement. WATERWAY DESIGN COMPANY Income Statement $
Transcribed Image Text:Prepare Waterway Design Company's income statement. WATERWAY DESIGN COMPANY Income Statement $
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