The adjusted trial balance columns of a worksheet for Levitt Corporation are shown below. The worksheet is
Question:
The adjusted trial balance columns of a worksheet for Levitt Corporation are shown below. The worksheet is prepared for the year ended December 31,
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.
Transcribed Image Text:
Adjusted Trial Balance Debit Credit Cash.... Accounts receivable.. Equipment ... Accumulated depreciation Notes payable.. Common stock.. Retained earnings Cash dividends... Service fees earned Rent expense.. Salaries expense Depreciation expense. Totals... $ 16,000 18,500 76,000 $ 24,000 16,000 43,000 20,600 8,000 79,000 18,000 37,100 9,000 $182,600 $182,600
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