Worksheet The adjusted trial balance columns of a worksheet for Bond Corporation are shown below. The worksheet is prepared for the year ended December 31. Adjusted Trial Balance Debit Credit Cash $6,000 Accounts Receivable 6,500 Equipment 83,000 Accumulated Depreciation $14,000 Notes Payable 12,500 Common Stock 48,000 Retained Earnings 20,600 Cash Dividends 8,000 Service Fees Earned 71,900 Rent Expense 18,000 Salaries Expense 38,500 Depreciation Expense 7,000 Totals $167,000 $167,000 Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and balance sheet columns, (c) extending the adjusted trial balance to the income statement and balance sheet columns, and (d) balancing the worksheet. Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Cash Answer Answer Answer Answer Answer Answer Accounts Receivable Answer Answer Answer Answer Answer Answer Equipment Answer Answer Answer Answer Answer Answer Accumulated Depreciation Answer Answer Answer Answer Answer Answer Notes Payable Answer Answer Answer Answer Answer Answer Common Stock Answer Answer Answer Answer Answer Answer Retained Earnings Answer Answer Answer Answer Answer Answer Cash Dividends Answer Answer Answer Answer Answer Answer Service fees Earned Answer Answer Answer Answer Answer Answer Rent Expense Answer Answer Answer Answer Answer Answer Salaries Expense Answer Answer Answer Answer Answer Answer Depreciation Expense Answer Answer Answer Answer Answer Answer Totals Answer Answer Answer Answer Answer Answer Net Income Answer Answer Answer Answer Totals Answer Answer Answer Answer
Worksheet The adjusted trial balance columns of a worksheet for Bond Corporation are shown below. The worksheet is prepared for the year ended December 31. Adjusted Trial Balance Debit Credit Cash $6,000 Accounts Receivable 6,500 Equipment 83,000 Accumulated Depreciation $14,000 Notes Payable 12,500 Common Stock 48,000 Retained Earnings 20,600 Cash Dividends 8,000 Service Fees Earned 71,900 Rent Expense 18,000 Salaries Expense 38,500 Depreciation Expense 7,000 Totals $167,000 $167,000 Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and balance sheet columns, (c) extending the adjusted trial balance to the income statement and balance sheet columns, and (d) balancing the worksheet. Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Cash Answer Answer Answer Answer Answer Answer Accounts Receivable Answer Answer Answer Answer Answer Answer Equipment Answer Answer Answer Answer Answer Answer Accumulated Depreciation Answer Answer Answer Answer Answer Answer Notes Payable Answer Answer Answer Answer Answer Answer Common Stock Answer Answer Answer Answer Answer Answer Retained Earnings Answer Answer Answer Answer Answer Answer Cash Dividends Answer Answer Answer Answer Answer Answer Service fees Earned Answer Answer Answer Answer Answer Answer Rent Expense Answer Answer Answer Answer Answer Answer Salaries Expense Answer Answer Answer Answer Answer Answer Depreciation Expense Answer Answer Answer Answer Answer Answer Totals Answer Answer Answer Answer Answer Answer Net Income Answer Answer Answer Answer Totals Answer Answer Answer Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Worksheet
The adjusted
Adjusted Trial Balance | ||
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Debit | Credit | |
Cash | $6,000 | |
6,500 | ||
Equipment | 83,000 | |
$14,000 | ||
Notes Payable | 12,500 | |
Common Stock | 48,000 | |
20,600 | ||
Cash Dividends | 8,000 | |
Service Fees Earned | 71,900 | |
Rent Expense | 18,000 | |
Salaries Expense | 38,500 | |
Depreciation Expense | 7,000 | |
Totals | $167,000 | $167,000 |
Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and
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Expert Solution
Step 1: Define Worksheet -
Worksheet is a columninar table that shows the unadjusted trial balance, adjustments, adjusted trial balance and financial statements.
It can also be called a 10 column worksheet.
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