The adjusted trial balance for Zahurak Company follows.Adjusted Trial BalanceDecember 31Account TitleNo.101 Cash106 Accounts receivable.153Trucks154 Accumulated depreciation-Trucks183LandAccounts payable201209 Salaries payableUnearned fees233301302401E. Happ, CapitalE. Happ, WithdrawalsPlumbing fees earned611 Depreciation expense-Trucks622Salaries expense640Rent expenseTotalsRevenuesPlumbing fees eamed.ExpensesDepreciation expense-TrucksSalaries expenseRent expenseRequired:a. Use the adjusted trial balance to prepare the December 31 year-end income statement.b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capital accountbalance was $61,751 on December 31 of the prior year.c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.Total expensesComplete this question by entering your answers in the tabs below.Net incomeRequired A Required B Required CUse the adjusted trial balance to prepare the December 31 year-end income statement.ZAHURAK COMPANYIncome StatementFor Year Ended December 31Required A Required B Required CDr$ 5,19022,28740,50030,00018,7975,42733,696ZAHURAK COMPANYStatement of Owner's EquityFor Year Ended December 31E. Happ, Capital, Dec. 31 prior year andE. Happ, Capital, Dec. 31 current year end19, 944$166,751 $166, 7535,42733,69610.944Required ASCrS 72,000Complete this question by entering your answers in the tabs below.ZAHURAK COMPANYBalance SheetDecember 31.16, 28111, 8832,7182,11861,75172,000Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capitalaccount balance was $61,751 on31 of the prior year.< Required A50,06721.933$Required B >Required:a. Use the adjusted trial balance to prepare the December 31 year-end income statement.b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capital acbalance was $61,751 on December 31 of the prior year.c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.$Complete this question by entering your answers in the tabs below.Required A Required B Required CUse the adjusted trial balance to prepare the December 31 year-end balance sheet. (Amounts to be deducted should beindicated with a minus sign.)< Required BRequired C >Required C >

ZAHURAK COMPANY Income Statement For year Ended December 31 Plumbing fees earned $…

The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31 Account Title No. 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 201 209 233 301 302 Land Accounts payable Salaries payable Unearned fees E. Happ, Capital E. Happ, Withdrawals Plumbing fees earned 401 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense Totals Dr. $ 5,100 22,287 40,500 30,000 16, 201 11,883 2,718 2,118 61,751 72,000 10,797 5,427 33,606 10,944 $166, 751 $166, 751 Required: a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capital account. balance was $61,751 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.

The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31 Account Title No. 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 201 209 233 301 302 Land Accounts payable Salaries payable Unearned fees E. Happ, Capital E. Happ, Withdrawals Plumbing fees earned 401 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense Totals Dr. $ 5,100 22,287 40,500 30,000 16, 201 11,883 2,718 2,118 61,751 72,000 10,797 5,427 33,606 10,944 $166, 751 $166, 751 Required: a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ, Capital account. balance was $61,751 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.

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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