29) Timothy Company has the following trial balance at December 31, of the current year: Account...

 

Transcribed Image Text:

29) Timothy Company has the following trial balance at December 31, of the current year: Account Cash Debit Credit $31,200 Accounts Receivable 4,000 Supplies 300 Land 40,000 Accounts Payable 1,300 Short-term Notes Payable 45,000 Common Stock 10,000 Retained Earnings 18.500 Dividends Service Revenue Salary Expense Rent Expense 1,800 7,600 3,000 1,500 Interest Expense Utilities Expense Totals 400 200 $82,400 $82,400 Prepare a balance sheet at December 31, of the current year. Include a proper heading. SEE BALANCE SHEET FORMAT IN YOUR E-BOOK. 29) Timothy Company has the following trial balance at December 31, of the current year: Account Cash Debit Credit $31,200 Accounts Receivable 4,000 Supplies 300 Land 40,000 Accounts Payable 1,300 Short-term Notes Payable 45,000 Common Stock 10,000 Retained Earnings 18.500 Dividends Service Revenue Salary Expense Rent Expense 1,800 7,600 3,000 1,500 Interest Expense Utilities Expense Totals 400 200 $82,400 $82,400 Prepare a balance sheet at December 31, of the current year. Include a proper heading. SEE BALANCE SHEET FORMAT IN YOUR E-BOOK.