Question: Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2008. A $1,600 installment is

 Set forth below is the adjusted trial balance for Alpha Company,
which just completed its fiscal year ended December 31st, 2008. A $1,600

Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2008. A $1,600 installment is due on the Note Payable during 2009. Accounts Dr. Cr. Cash 7,000 7,200 4,300 200 20,300 Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Note Payable Capital Withdrawals 3,600 5,600 400 100 8,000 19,900 2.000 36,200 Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense Loss on Sale of Fixed Assets 2,400 1,100 15.700 5.500 2,600 1,800 900 700 400 1.700 15,700 5,500 2,600 Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense Loss on Sale of Fixed Assets 1,800 900 700 400 1,700 73,800 73,800 Calculate the following numbers: Current Assets: Total Assets: Current Liabilities: Total Liabilities: Equity: 1

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!