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The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Account Title Debit Credit No. 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment, 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense $18,000 10,800 2,000 23,000 $ 6,500 42,815 6,000 45,400 2,000 26,468 1,907

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Account Title Debit Credit No. 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment, 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense $18,000 10,800 2,000 23,000 $ 6,500 42,815 6,000 45,400 2,000 26,468 1,907

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 following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Account Title Debit Credit No. 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment, 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense $18,000 10,800 2,000 23,000 $ 6,500 42,815 6,000 45,400 2,000 26,468 1,907
Transcribed Image Text:The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Account Title Debit Credit No. 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment, 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense $18,000 10,800 2,000 23,000 $ 6,500 42,815 6,000 45,400 2,000 26,468 1,907
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