Question: Complete the work sheet by extending the Adjusted Trial Balance amounts into the appropriate financial statement columns and by entering the amount of net income

Complete the work sheet by extending the Adjusted Trial Balance amounts into the appropriate financial statement columns and by entering the amount of net income for the reporting period.
\table[[Work Sheet],[\table[[Account],[Number]],Account Title,Adjusted Trial Balance,Income Statement,Balance Sheet],[Debit,Credit,Debit,Credit,Debit,Credit],[101,Cash,6,300,,E,E,,],[106,Accounts receivable,27,531,,5,L,,],[166,Equipment,43,000,,F,F,,],[167,Accumulated depreciation-Equipment,,$17,286,,F,,],[183,Land,30,000,,E,5,,],[201,Accounts payable,,14,679,,7,,],[210,Wages payable,,3,358,,7,,],[236,Unearned revenue,,2,758,,7,,],[307,Common stock,,11,614,=,?bar(F),,],[318,Retained earnings,,55,500,,,,],[319,Dividends,9,804,,C,f,,],[403,Services revenue,,61,000,,9,804,,],[612,Depreciation expense -Equipment,5,762,,$,61,000,,,],[623,Wages expense,28,548,,5,762,,,],[655,Advertising expense,9,272,,28,548,,,],[690,Utilities expense,5,978,,9,272,,,],[,Totals,$166,195,$166,195,104,582,9,804,0,0],[,Net income,,,94,778,,,]]
Prey
18 of 24
Next
 Complete the work sheet by extending the Adjusted Trial Balance amounts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!