The following is the adjusted trial balance for Nadia Company. K Nadia Company Adjusted Trial Balance...
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The following is the adjusted trial balance for Nadia Company. K Nadia Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable (due on June 30) Nadia Porter, Capital Nadia Porter, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Account No. 11 12 13. 18 19 21 22 31 32 41 51 52 53 54 59 Debit Balances 5,130 3,300 420 12,400 700 2,450 1,900 1,475 1,150 975 29,900 Credit Balances 2,200 700 3,070 13,000 10,930 29,900 Assume that the capital account started with a beginning balance of $10,000 and that the owner made an additional investment of $3,000 during the year Prepare an income statement. Nadia Company Income Statement For the Year Ended December 31 Assume that the capital account started with & begirining balance of $10,000 AND UNG THE ONTRET INSU Prepare an income statement. Nadia Company Income Statement For the Year Ended December 31 Expenses: Total expenses Prepare a statement of owner's equity. Nadia Company Statement of Owner's Equity For the Year Ended December 31 Prepare a balance sheet. 00 onar investment or $3,000 Bonn Prepare a balance sheet. Current assets Total current assets Property, plant, and equipment Total property, plant, and equipment Total assets Nadia Company Balance Sheet December 31 Assets Current liabilities Total liaboities Liabilities Owner's Equity Total liabilities and owner's equity The following is the adjusted trial balance for Nadia Company. K Nadia Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable (due on June 30) Nadia Porter, Capital Nadia Porter, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Account No. 11 12 13. 18 19 21 22 31 32 41 51 52 53 54 59 Debit Balances 5,130 3,300 420 12,400 700 2,450 1,900 1,475 1,150 975 29,900 Credit Balances 2,200 700 3,070 13,000 10,930 29,900 Assume that the capital account started with a beginning balance of $10,000 and that the owner made an additional investment of $3,000 during the year Prepare an income statement. Nadia Company Income Statement For the Year Ended December 31 Assume that the capital account started with & begirining balance of $10,000 AND UNG THE ONTRET INSU Prepare an income statement. Nadia Company Income Statement For the Year Ended December 31 Expenses: Total expenses Prepare a statement of owner's equity. Nadia Company Statement of Owner's Equity For the Year Ended December 31 Prepare a balance sheet. 00 onar investment or $3,000 Bonn Prepare a balance sheet. Current assets Total current assets Property, plant, and equipment Total property, plant, and equipment Total assets Nadia Company Balance Sheet December 31 Assets Current liabilities Total liaboities Liabilities Owner's Equity Total liabilities and owner's equity
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Working Capital is calculated by subtracting curren... View the full answer
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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