Question: what's wrong with 2 even with my excel sheet giving me those answer it's still wrong Credits Debits $ 5,700 4,700 2,700 6,700 117,000 VIOLET

 what's wrong with 2 even with my excel sheet giving me

those answer it's still wrong Credits Debits $ 5,700 4,700 2,700 6,700

117,000 VIOLET DESIGNS Adjusted Trial Balance December 31, 2024 Accounts Cash Accounts

Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities

what's wrong with 2 even with my excel sheet giving me those answer it's still wrong

Credits Debits $ 5,700 4,700 2,700 6,700 117,000 VIOLET DESIGNS Adjusted Trial Balance December 31, 2024 Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) Common Stock Retained Earnings Service Revenues Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals $ 21,700 3,700 4,700 1,100 27,000 57,000 15,700 112,800 42,700 18,700 7,700 8,700 13,700 12,700 2,700 $ 243, 700 $ 243,700 VIOLET DESIGNS Income Statement For the Year Ended December 31, 2024 Service Revenues $ 112,800 $ 42,700 18,700 7,700 Expenses Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense 8,700 13,700 12,700 2,700 Total Expenses Net Income 106.900 5,900 $ Balance Sheet December 31, 2024 Assets Liabilities Current Assets: Current Liabilities: Cash $ 5,700 4,700 3,700 Accounts Receivable Accounts Payable Salaries Payable Utilities Payable 4,700 2,700 Supplies Prepaid Rent 1,100 6,700 Total Current Assets 19,800 Total Current Liabilities 9,500 Long-term Liabilities: Long-term Assets Buildings Accumulated Depreciation Notes Payable 27,000 117,000 (21,700) Total Liabilities $ 36,500 Stockholder's Equity Common Stock Retained Earnings 57,000 21,600 Total Stockholders Equity Total Liabilities and Stockholders' Equity 78,600 115,100 Total Assets $ 115 100 $ Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for the year ended December 31, 2024. VIOLET DESIGNS Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Retained Stock Earnings $ 47,000 X $ 15,700 Balance at January 1 Total Stockholders' Equity $ 62,700 X 10,000 X Issuance of common stock 10 000 X 0 Add: Net Income 0 5.900 5.900 Less: Dividends 0 0 Balance at December 31 $ 57 000 $ 21,600 $ 78,600

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