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Accounting
This alphabetized adjusted trial balance is for Mad Catz Courier

This alphabetized adjusted trial balance is for Mad Catz Courier

This alphabetized adjusted trial balance is for Mad Catz Courier as of its December 31, 2014, month-end:

Required
Use the information in the trial balance to prepare:
1. The income statement for the month ended December 31, 2014.
2. The statement of changes in equity for the month ended December 31, 2014, assuming the owner invested $127,000 during December.
3. The balance sheet as of December 31, 2014.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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Debit Credit 37,000 25,000 Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, trucks.. Advertising expense Cash Delivery fees earned. Depreciation expense, equipment.. Depreciation expense, trucks Equipment Interest earned Interest expense 95,000 24,000 9,800 14,000 190,000 23,000 12,000 130,000 250 650 325 Interest payable Interest receivable.. Land 125 60,000 100,000 152,500 Long-term notes payable Madison Catz, capital.... Madison Catz, withdrawals.. Notes receivable (due in 90 days). 100,000 Office supplies Office supplies expense Repairs expense Salaries expense Salaries payable 5,000 1,800 5,400 17,300 41,000 15,000 55,000 $669,075 $669,075 62,000 Unearned delivery fees. Wages expense. 162,000 Totals

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Fundamental Accounting Principles

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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