The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Account Title Number...
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The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Account Title Number 101 106 153 154 183 201 209 233 301 302 401 611 622 640 Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned revenue E. Happ, Capital E. Happ, withdrawals Plumbing revenue Depreciation expense-Trucks Salaries expense Rent expense Totals Debit $ 5,100 22,287 44,000 30,000 18,395 Credit $ 17,688 11,883 2,718 2,118 63,911 72,000 5,896 33,696 10,944 $ 170,318 $ 170,318 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ. Capital account balance was $63,911 on December 31 of the prior year, and there were no owner investments in the current year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Account Title Number 101 106 153 154 183 201 209 233 301 302 401 611 622 640 Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned revenue E. Happ, Capital E. Happ, withdrawals Plumbing revenue Depreciation expense-Trucks Salaries expense Rent expense Totals Debit $ 5,100 22,287 44,000 30,000 18,395 Credit $ 17,688 11,883 2,718 2,118 63,911 72,000 5,896 33,696 10,944 $ 170,318 $ 170,318 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of owner's equity. The E. Happ. Capital account balance was $63,911 on December 31 of the prior year, and there were no owner investments in the current year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.
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HAPP COMPANY INCOME STATEMENT FOR THE YEAR ENDED 31 DEC REVENUES plumbing reven... View the full answer
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