From the data given on the trial balance, make a balanced asset and liabilities sheet and closing
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Account Cash Accounts Receivable Prepaid Rent Office Furniture Office Supplies Accumulated Depreciation Notes Payable Accounts Payable Wages Payable Owner's Capital Owner Draws Service Revenue Rent Expense Business License Expense Depreciation Expense Insurance Expense Repairs and Maintenance Expense Advertising Expense Wages Expense Utilities Expense Total: Unadjusted trial balance Debit 138,515.00 3,500.00 1,900.00 2,750.00 215.00 500.00 250.00 45.83 750.00 95.00 500.00 275.00 135.00 149,430.83 Credit 45.83 125,000.00 135.00 275.00 17,750.00 6,225.00 149,430.83 Account Cash Accounts Receivable Prepaid Rent Office Furniture Office Supplies Accumulated Depreciation Notes Payable Accounts Payable Wages Payable Owner's Capital Owner Draws Service Revenue Rent Expense Business License Expense Depreciation Expense Insurance Expense Repairs and Maintenance Expense Advertising Expense Wages Expense Utilities Expense Total: Unadjusted trial balance Debit 138,515.00 3,500.00 1,900.00 2,750.00 215.00 500.00 250.00 45.83 750.00 95.00 500.00 275.00 135.00 149,430.83 Credit 45.83 125,000.00 135.00 275.00 17,750.00 6,225.00 149,430.83
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Balance Sheet as at March 31 2014 Particulars EQUITY AND LIABILITIES Shareholders funds Share capita... View the full answer
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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