Question: Using the adjusted trial balance below prepare the asset section of the balance by drag and dropping the appropriate word or number. ABC Co. WORKSHEET
Using the adjusted trial balance below prepare the asset section of the balance by drag and dropping the appropriate word or number.
ABC Co. WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2019 ADJUSTED TRIAL BALANCE ACCOUNT TITLES DEBIT ($) CREDIT ($) Accounts Payable $ 23,800 Accounts Receivable $ 23,600 Accumulated depreciation - Vehicles $ 30,000 Advertising Expense $ 5,000 Capital, Kory Lee $ 367,500 Cash $ 272,080 Depreciation Expense $ 5,400 Gardening Revenue $ 255,000 Gardening Supplies $ 4,500 Insurance Expense $ 3,000 Interest Revenue $ 200 Internet Expense $ 1,060 Notes Payable $ 10,000 Notes Receivable (Due within 13 months) $ 5,000 Prepaid Insurance $ 8,000 Supplies Expense $ 1,340 Telephone Expense $ 1,120 Unearned Revenue $ 2,000 Utilities Expense $ 3,000 Vehicles $ 135,000 Wage Expense $ 155,400 Withdrawals - Kory Lee $ 65,000 $ 688,500 $ 688,500
ABC CO. Balance Sheet As at December 31, 2019 Assets: Current assets: Cash $ 272,080 Accounts Receivable $ 23,600 Prepaid Insurance $ 8,000 Gardening Supplies $ 4,500 Total Current Assets $ 308,180 Non-Current Assets: Notes Receivable $ blank blank Vehicles $ 135,000 Less accumulated depreciation $ [3]] $ blank Total assets: $ blank
5,000 Property, Plant & Equipmentt 30,000 105,000 418,180 129,600 No entry this is a current asset 5,400 Physical Property and Equipment 442,780 0 410,180
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