Use the data to set up a Trial Balance and answer the 5 questions. $30,000 20,000 1. Total credit amount 2,000 2. Building/Equipment $ 3. Net income 8,000 $ 4. Ending retained earnings $ 5. Total Assets $ Cash Accounts receivable Supplies Prepaid rentN Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense ? 10,000 15,000 3,000 25,000 250,000 300,000 350,000 10,000 800,000 500,000 10,000 12,000 9,000 22,000 130,000
Use the data to set up a Trial Balance and answer the 5 questions. $30,000 20,000 1. Total credit amount 2,000 2. Building/Equipment $ 3. Net income 8,000 $ 4. Ending retained earnings $ 5. Total Assets $ Cash Accounts receivable Supplies Prepaid rentN Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense ? 10,000 15,000 3,000 25,000 250,000 300,000 350,000 10,000 800,000 500,000 10,000 12,000 9,000 22,000 130,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the data to set up a Trial Balance and answer the 5 questions.
$30,000
20,000
2,000
8,000
?
10,000
15,000
3,000
Cash
Accounts receivable
Supplies
Prepaid rent
Building & Equipment
Accounts payable
Salaries payable
Interest payable
Deferred revenue
Notes payable
Common stock
Retained earnings
Dividends
Service revenue
Salaries expense
Rent expense
Interest expense
Supplies expense
Utilities expense
Advertising expense
25,000
250,000
300,000
350,000
10,000
800,000
500,000
10,000
12,000
9,000
22,000
130,000
1. Total credit amount $
2. Building/Equipment
$
3. Net income
$
4. Ending retained earnings S
5. Total Assets
$
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