Question: how do i fill out a balance sheet with this information? the picture below shows how it is supposed to be filled out. i'm not
how do i fill out a balance sheet with this information? the picture below shows how it is supposed to be filled out. i'm not sure what im doing wrong for assets.
The adjusted trial balance for Sandhill Company is shown below.
| SANDHILL COMPANY Trial Balance August 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Before Adjustment | After Adjustment | |||||||
| Dr. | Cr. | Dr. | Cr. | |||||
| Cash | $ 10,500 | $ 10,500 | ||||||
| Accounts Receivable | 8,700 | 9,500 | ||||||
| Supplies | 2,300 | 500 | ||||||
| Prepaid Insurance | 4,000 | 2,700 | ||||||
| Equipment | 12,400 | 12,400 | ||||||
| Accumulated Depreciation-Equipment | $ 3,600 | $ 4,300 | ||||||
| Accounts Payable | 5,900 | 5,900 | ||||||
| Salaries and Wages Payable | 0 | 1,300 | ||||||
| Unearned Rent Revenue | 1,600 | 600 | ||||||
| Owners Capital | 13,900 | 13,900 | ||||||
| Service Revenue | 34,200 | 35,000 | ||||||
| Rent Revenue | 10,900 | 11,900 | ||||||
| Salaries and Wages Expense | 17,200 | 18,500 | ||||||
| Supplies Expense | 0 | 1,800 | ||||||
| Rent Expense | 15,000 | 15,000 | ||||||
| Insurance Expense | 0 | 1,300 | ||||||
| Depreciation Expense | 0 | 700 | ||||||
| $ 70,100 | $ 70,100 | $ 72,900 | $ 72,900 | |||||

Qoros 7947 WOMETRO Shaal A OR C G
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
