Presented below is the adjusted trial balance of Shamrock, Inc. at December 31, 2017. Cash Supplies...
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Presented below is the adjusted trial balance of Shamrock, Inc. at December 31, 2017. Cash Supplies Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Additional paid-in capital Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Additional information: Debit $ $ ? 1,370 3,000 2,420 80,280 4,380 14,600 2,260 2,660 2,520 ? Credit $19,980 $ 3,640 1,560 1,560 31,880 2,680 15,660 14,280 29,520 ? 1. Net income for the year was $7,480. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) + + + + # + + Shamrock, Inc. Balance Sheet Assets + Liabilities and Stockholders' Equity + Liabilities and Stockholders' Equity + + + + ♦ + + + + + ♦ $ Presented below is the adjusted trial balance of Shamrock, Inc. at December 31, 2017. Cash Supplies Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Additional paid-in capital Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Additional information: Debit $ $ ? 1,370 3,000 2,420 80,280 4,380 14,600 2,260 2,660 2,520 ? Credit $19,980 $ 3,640 1,560 1,560 31,880 2,680 15,660 14,280 29,520 ? 1. Net income for the year was $7,480. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) + + + + # + + Shamrock, Inc. Balance Sheet Assets + Liabilities and Stockholders' Equity + Liabilities and Stockholders' Equity + + + + ♦ + + + + + ♦ $
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22017 Supplies Accoute recavable Prepaid Insurance Cured Pabilitics Accoun... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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