The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books,
Question:
The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial balance:
Prepare a multi-step income statement. Prepare the capital statement (statement of owner's equity). Prepare the balance sheet.
Computadoras Caribe
Adjusted Trial Balance
Period ending March 31, 2020
Account title | Ref. | Debit | Credit |
Cash | $17,560 | ||
Account Receivable | 18,065 | ||
Supplies | 60,500 | ||
Building | 180,000 | ||
Acc. Depreciation-Building | $22,000 | ||
Equipment | 45,600 | ||
Acc. Depreciation-Equipment | 5,800 | ||
Account Payable | 29,200 | ||
Salary Payable | 3,500 | ||
Interest Payable | 1,000 | ||
Unearned Sales Revenue | 7,000 | ||
Note Payable, Long Term | 85,000 | ||
J. Ayala, Capital | 180,000 | ||
J. Ayala, Withdrawals | 5,000 | ||
Sales Revenue | 150,000 | ||
Sales Discounts | 6,200 | ||
Sales Return and Allowances | 7,600 | ||
Cost of Goods Sold | 102,000 | ||
Selling Expense | 18,400 | ||
General Expense | 20,075 | ||
Interest Expense | 2,500 | ||
Total | 483,500 | 483,500 |
Horngrens Accounting
ISBN: 978-0133117417
10th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura