The worksheet for Montoya Company has been completed through the adjusted trial balance. You are ready...

 

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The worksheet for Montoya Company has been completed through the adjusted trial balance. You are ready to extend each amount to the appropriate financial statement column. Indicate for each account, the financial statement column to which the account should be extended by placing a check mark (V) in the appropriate column. Income Balance Sheet Statement Account Title Dr. Cr. Dr. Cr. (1) Cash (2) Owner's Capital (3) Mortgage Payable (4) Interest Receivable (5) Supplies (6) Accounts Payable (7) Short-term Investments (8) Maintenance and Repairs Expense (9) Unearned Service Revenue (10) Equipment (11) Depreciation Expense (12) Interest Revenue (13) Salaries and Wages Expense (14) Owner's Drawings (15) Accum. Deprec.-Equipment (16) Utilities Expense (17) Salaries and Wages Payable (18) Accounts Receivable (19) Notes Payable (20) Service Revenue The worksheet for Montoya Company has been completed through the adjusted trial balance. You are ready to extend each amount to the appropriate financial statement column. Indicate for each account, the financial statement column to which the account should be extended by placing a check mark (V) in the appropriate column. Income Balance Sheet Statement Account Title Dr. Cr. Dr. Cr. (1) Cash (2) Owner's Capital (3) Mortgage Payable (4) Interest Receivable (5) Supplies (6) Accounts Payable (7) Short-term Investments (8) Maintenance and Repairs Expense (9) Unearned Service Revenue (10) Equipment (11) Depreciation Expense (12) Interest Revenue (13) Salaries and Wages Expense (14) Owner's Drawings (15) Accum. Deprec.-Equipment (16) Utilities Expense (17) Salaries and Wages Payable (18) Accounts Receivable (19) Notes Payable (20) Service Revenue

Answer rating: 100% (QA)

SOLUTION ACCOUNTS TITLE PROFIT LOSS AC BALANCE SHEET EXPLANATION DR CR DR CR CASH CASH IS AN ASSET W... View the full answer