Question: Please complete the work sheet for the adjustments, adjustment trial balance, income statement and balance sheet. If completed fully i will thumbs up and like.

 Please complete the work sheet for the adjustments, adjustment trial balance,income statement and balance sheet. If completed fully i will thumbs upand like. The trial balance of Pina Colada Corp.contained the following accountsat November 30, the end of the company's fiscal year. The companyuses the perpetual inventory system. Pina Colada Corp Trial Balance November 30,

Please complete the work sheet for the adjustments, adjustment trial balance, income statement and balance sheet. If completed fully i will thumbs up and like.

The trial balance of Pina Colada Corp.contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Pina Colada Corp Trial Balance November 30, 2022 Debit Credit Cash $ 8,100 Accounts Receivable 28,700 Inventory 44,700 Supplies 6,100 Equipment 132,000 Accumulated Depreciation-Equipment $ 26,000 Notes Payable 51,000 Accounts Payable 33,600 Common Stock 60,000 Retained Earnings 40,000 Dividends 10,500 Sales Revenue 755,600 Sales Returns and Allowances 8,700 Cost of Goods Sold 497,100 Salaries and Wages Expense 140,000 Advertising Expense 24,200 Utilities Expense 13,600 Maintenance and Repairs Expense 12,100 Freight-Out 16,400 Rent Expense 24,000 Totals $966,200 $966,200 Adjustment data: 1. 2. 3. 4 Supplies on hand totaled $2,400. Depreciation is $13,500 on the equipment. Interest of $4,000 is accrued on notes payable at November 30. Inventory actually on hand is $44,300. Account Titles Adjustments Trial Balance Dr. Cr. Dr. Cash $8,100 Accounts Receivable 28.700 Inventory 44.700 Supplies 6,100 Equipment 132,000 Accum. Depreciation-Equipment $26,000 Notes Payable 51,000 Accounts Payable 33,600 Common Stock 60,000 Retained Earnings 40.000 Dividends 10,500 Sales Revenue 755,600 Sales Returns and Allowances 8,700 Cost of Goods Sold 497.100 Salaries and Wages Expense 140,000 Advertising Expense 24,200 Utilities Expense 13,600 Maintenance and Repairs Expense 12.100 Freight-Out 16,400 Rent Expense 24.000 Totals $966,200 $966.200 Supplies Expense Depreciation Expense Interest Expense Interest Payable Totals $ Net Loss Totals Pina Colada Corp. Worksheet ljustments Adj. Trial Balance Dr. Cr. $ $ $ $ $ Income Statement Balance SI Dr. Dr. $ ome Statement Balance Sheet Cr. Dr. Cr. $ $

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!