The adjusted trial balance columns of the worksheet for Chris Cleaning Services are as shown below. Required
Question:
The adjusted trial balance columns of the worksheet for Chris’ Cleaning Services are as shown below.
Required
Complete the worksheet and prepare an income statement, a statement of changes in equity and a classified balance sheet.
Account Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Loan Payable (due June 2016) Accounts Payable C. Kleen, Capital C. Kleen, Drawings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Profit for the period Adjusted trial balance. Debit Credit $ 41 300 21 950 6380 64 540 10 200 27 550 2120 1880 160 $176 080 $ 13 280 17 400 15 660 94 230 35 350 160 $176 080 Income statement Balance sheet Debit Credit Debit Credit
Step by Step Answer:
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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