Question: SHOW HOW YOU GOT THE ANSWER PLEASE! CR 2,000 6,000 ABC Company Adjusted Trial Balance Dec. 31, 2012 DR Cash 17,000 Accounts Receivable 26,000 Allowance
SHOW HOW YOU GOT THE ANSWER PLEASE!

CR 2,000 6,000 ABC Company Adjusted Trial Balance Dec. 31, 2012 DR Cash 17,000 Accounts Receivable 26,000 Allowance for Doubtful Accts Prepaid Insurance 1,000 Inventory 15,000 Equipment 36,000 Accumulated Depreciation Copyright 3,000 Accounts Payable Long Term Note Payable Common Stock Retained Earnings (1/1/12) Dividends 2,000 Sales Sales returns 3,000 Sales discounts 4,000 Cost of goods sold 155,000 Rent expense 38,000 Salaries expense 105,000 Insurance expense 10,000 Interest expense 3,000 Interest income Income tax expense 16,000 Total 434,000 19,000 16,000 30,000 3,000 356,000 2,000 434,000 Total Total Assets? Total Current Assets? Net cash realizable value of A/R? Ending retained earnings? Ending stockholders' equity? Net Sales? Gross Profit? Income from operations? Income before income tax? Net income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
