The adjusted trial balance of North Bay Corporation is provided in the following work sheet for the
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The note payable is due in four months. Complete the work sheet and prepare a statement of financial position as illustrated in this chapter.
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NORTH BAY CORPORATION Work Sheet (Partlal) For the Year Ended December 31, 2014 Adjusted Trial Balance Statement of Comprehensive Income Statement o Financial Posit Cr Account Titles Dr Cr Dr Cr Dr Cash FV-NI investments Accounts recevable Prepaid rent V-OCI investments Equipment Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Common shares Retained earnings Service revenue Salaries and wages expense Rent expense Depreciation expense Bad debt expense Interest expense Investment income Unrealized gain or loss-OCI $117,600 42,150 56,720 11.000 33,990 219,000 $81,000 54,470 4,800 60,000 100,000 133,440 211,190 73,090 66,000 27,000 5,250 5,100 5,800 6,200
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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