Requirements: 1) Complete adjusted trial balance of worksheet 2) Use your completed worksheet to prepare (a)...

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Requirements: 1) Complete adjusted trial balance of worksheet 2) Use your completed worksheet to prepare (a) multi-step or single-step net income statement, (b) statement of owner's equity and (c) a classified balance sheet as of December 31, 2022. A 1 2 3 B Jardine System Company Work Sheet For Year Ended December 31, 2022 C E F G H 4 5 No. Account Title 6 Unadjusted Trial Balance DR Adjustments CR DR CR Adjusted Trial Balance DR CR 7 201 Accounts payable 65,000 (d) 8 126 Accounts Receivables 357,000 9 168 Accumulated depreciation-Building 125,000 54,300 13,000 (c) 185,000 119,300 344,000 310,000 10 637 Advertising expenses (d) 4,300 4,300 11 633 Amortization expense 47,000 (d) 5,000 52,000 239952922222222223 12 167 13 101 Building Cash 750,000 750,000 215,000 215,000 14 301 Common Stock 400,000 400,000 15 501 Cost of Goods Sold 1,450,000 (a) 16 612 Depreciation expense - Building (c) 13,000 185,000 1,463,000 185,000 17 685 Insurance expense 102,000 102,000 18 690 Interest expense 43,000 43,000 19 203 Interest payable 30,000 30,000 20 131 Inventory 29,000 (b) 4,300 33,300 21 176 Land 70,000 70,000 251 Long-term notes payable 254,000 254,000 430 Other Revenue 70,000 70,000 24 640 Rent expense 36,000 (d) 6,000 42,000 208 Rent payable (e) 10,000 10,000 26 686 Repairs expense 32,000 (d) 41,000 73,000 27 305 Retained Earnings 635,000 (b) 4,300 639,300 28 683 Salaries expense 899,000 (e) 8,000 907,000 401 Sales 30 202 Short-term notes payable 2,721,000 70,000 2,721,000 70,000 31 129 Short-term Receivables 70,000 70,000 32 186 Trade Marks / Patents 200,000 200,000 33 684 34 Utilities expense Totals 70,000 4,370,000 70,000 4,370,000 266,600 266,600 4,623,600 4,623,600 35 Requirements: 36 1) Insert each letter of your name vertically in the tab entitled, "NAME." 37 2) Use your completed worksheet to prepare (a) multi-step net income, (b) Statement of Owner's Equity and (c) Classified balance sheet as of December 31, 2022. 38 3) Upload your completed financial statements to Blackboard by the deadline. Requirements: 1) Complete adjusted trial balance of worksheet 2) Use your completed worksheet to prepare (a) multi-step or single-step net income statement, (b) statement of owner's equity and (c) a classified balance sheet as of December 31, 2022. A 1 2 3 B Jardine System Company Work Sheet For Year Ended December 31, 2022 C E F G H 4 5 No. Account Title 6 Unadjusted Trial Balance DR Adjustments CR DR CR Adjusted Trial Balance DR CR 7 201 Accounts payable 65,000 (d) 8 126 Accounts Receivables 357,000 9 168 Accumulated depreciation-Building 125,000 54,300 13,000 (c) 185,000 119,300 344,000 310,000 10 637 Advertising expenses (d) 4,300 4,300 11 633 Amortization expense 47,000 (d) 5,000 52,000 239952922222222223 12 167 13 101 Building Cash 750,000 750,000 215,000 215,000 14 301 Common Stock 400,000 400,000 15 501 Cost of Goods Sold 1,450,000 (a) 16 612 Depreciation expense - Building (c) 13,000 185,000 1,463,000 185,000 17 685 Insurance expense 102,000 102,000 18 690 Interest expense 43,000 43,000 19 203 Interest payable 30,000 30,000 20 131 Inventory 29,000 (b) 4,300 33,300 21 176 Land 70,000 70,000 251 Long-term notes payable 254,000 254,000 430 Other Revenue 70,000 70,000 24 640 Rent expense 36,000 (d) 6,000 42,000 208 Rent payable (e) 10,000 10,000 26 686 Repairs expense 32,000 (d) 41,000 73,000 27 305 Retained Earnings 635,000 (b) 4,300 639,300 28 683 Salaries expense 899,000 (e) 8,000 907,000 401 Sales 30 202 Short-term notes payable 2,721,000 70,000 2,721,000 70,000 31 129 Short-term Receivables 70,000 70,000 32 186 Trade Marks / Patents 200,000 200,000 33 684 34 Utilities expense Totals 70,000 4,370,000 70,000 4,370,000 266,600 266,600 4,623,600 4,623,600 35 Requirements: 36 1) Insert each letter of your name vertically in the tab entitled, "NAME." 37 2) Use your completed worksheet to prepare (a) multi-step net income, (b) Statement of Owner's Equity and (c) Classified balance sheet as of December 31, 2022. 38 3) Upload your completed financial statements to Blackboard by the deadline.

Answer rating: 100% (QA)

Jardine System Company Adjusted Trial Balance Account Title Debit Credit Accounts Payable 54300 Accounts Receivable 344000 Accumulated Depreciation Bu... View the full answer