The accounts of Valley Haven Services Ltd. at March 31, 2020, are listed in alphabetical order....
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The accounts of Valley Haven Services Ltd. at March 31, 2020, are listed in alphabetical order. (Click the icon to view the accounts.) Requirements 1. Prepare the company's classified balance sheet at March 31, 2020. Show captions for total assets, total liabilities, and total liabilities and shareholders' equity. Accounts Accounts payable.... .... $ Accounts receivable.... Accumulated depreciation -equipment Advertising expense Cash.. Current portion of note payable Depreciation expense. Dividends.. Equipment.. Insurance expense IN 15,000 Note payable, long term. . . . . . . $ 16,500 Other assets... Prepaid expenses. 6,800 Retained earnings, 10,800 March 31, 2019 7,600 Salary expense.. Salary payable... 600 Service revenue. 1,500 Share capital... 35,000 Supplies 43,300 Supplies expense.. **** 550 Unearned service revenue. ... 6,100 13,500 6,000 22,000 17,900 2,600 94,100 10,850 3,600 4,500 2,700 The accounts of Valley Haven Services Ltd. at March 31, 2020, are listed in alphabetical order. (Click the icon to view the accounts.) Requirements 1. Prepare the company's classified balance sheet at March 31, 2020. Show captions for total assets, total liabilities, and total liabilities and shareholders' equity. Accounts Accounts payable.... .... $ Accounts receivable.... Accumulated depreciation -equipment Advertising expense Cash.. Current portion of note payable Depreciation expense. Dividends.. Equipment.. Insurance expense IN 15,000 Note payable, long term. . . . . . . $ 16,500 Other assets... Prepaid expenses. 6,800 Retained earnings, 10,800 March 31, 2019 7,600 Salary expense.. Salary payable... 600 Service revenue. 1,500 Share capital... 35,000 Supplies 43,300 Supplies expense.. **** 550 Unearned service revenue. ... 6,100 13,500 6,000 22,000 17,900 2,600 94,100 10,850 3,600 4,500 2,700
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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