Current Attempt in Progress The adjusted trial balance for Sandhill's Animations is presented below. Cash SANDHILL...
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Current Attempt in Progress The adjusted trial balance for Sandhill's Animations is presented below. Cash SANDHILL COMPANY Adjusted Trial Balance December 31, 2021 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Debit $3,400 4,700 2,700 49,000 Credit $18,375 5,400 10,300 Unearned revenue M. Sandhill, capital M. Sandhill, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense 16,000 8,500 25,500 2,400 6,125 10,300 19,450 64,800 $118.325 $118.325 Question 3 of 4 Depreciation expense Revenues Service Revenue < Expenses 6,125 $118,325 Prepare an income statement for the year. Mr. Sandhill invested $5,500 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses eg.(45).) $118,325 SANDHILL COMPANY Income Statement Year Ended December 31, 2021 8,500 -15 E 64,800 23°C Partly su... Current Attempt in Progress The adjusted trial balance for Sandhill's Animations is presented below. Cash SANDHILL COMPANY Adjusted Trial Balance December 31, 2021 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Debit $3,400 4,700 2,700 49,000 Credit $18,375 5,400 10,300 Unearned revenue M. Sandhill, capital M. Sandhill, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense 16,000 8,500 25,500 2,400 6,125 10,300 19,450 64,800 $118.325 $118.325 Question 3 of 4 Depreciation expense Revenues Service Revenue < Expenses 6,125 $118,325 Prepare an income statement for the year. Mr. Sandhill invested $5,500 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses eg.(45).) $118,325 SANDHILL COMPANY Income Statement Year Ended December 31, 2021 8,500 -15 E 64,800 23°C Partly su...
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Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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