Question: Please help answer (b) Determine the total assets and total liabilities at June 30, 2017, for Lumina Company. Total assets: Total liabilities: Practice Do
Please help answer (b) "Determine the total assets and total liabilities at June 30, 2017, for Lumina Company.
Total assets:
Total liabilities:
"
Practice Do It! Review 2 (Part Level Submission) Lumina Co. was organized on April 1, 2017. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Credit $ 6,900 Accumulated Depreciation-Equipment $800 4,200 900 400 80 300 12,980 11,400 1,200 $32,260 Debit Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent EXpense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 480 Notes Payable 600 Accounts Payable 800 Salaries and Wages Payable 12,100 Interest Payable 500 Unearned Rent Revenue 7,600 Common Stock 2,000 Service Revenue 800 Rent Revenue 100 300 80 $32,260
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