Instructions Enter the trial balance on a worksheet and complete the workslcu pl
ID: 2338372 • Letter: I
Question
Instructions Enter the trial balance on a worksheet and complete the workslcu plete the worksheet. E4-2 The adjusted trial balance columns of the worksheet for Savaglia Company are as SAVAGLIA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 LS Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. DrCr. Dr. Cr. Cash Accounts Receivable Prepaid Rent Equipment Accumulated 10,000 7,840 2,280 23,050 4,900 5,700 4,920 27,960 Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 3,650 15,590 10,840 760 650 57 57 59,127 59,127 Instructions Complete the worksheet. nancialExplanation / Answer
SAVAGLIA COMPANY Work Sheet (Partial) For the Month Ended Apr 30, 2017 Adjusted Trial Balance Income Summary Balance Sheet Debit Credit Debit Credit Debit Credit Balance Sheet Accounts: Cash 10,000.00 10,000.00 Accounts Receivable 7,840.00 7,840.00 Prepaid Rent 2,280.00 2,280.00 Equipment 23,050.00 23,050.00 Accumulated Dep. - Equipment 4,900.00 4,900.00 Notes Payable 5,700.00 5,700.00 Accounts Payable 4,920.00 4,920.00 Owners' Capital 27,960.00 27,960.00 Owners' Drawings 3,650.00 3,650.00 Service Revenue 15,590.00 15,590.00 Salaries & Wages Expense 10,840.00 10,840.00 Rent Expense 760.00 760.00 Depreciation Expense 650.00 650.00 Interest Expense 57.00 57.00 Interest Payable 57.00 - 57.00 Total 59,127.00 59,127.00 12,307.00 15,590.00 46,820.00 43,537.00 Net Income 3,283.00 - - 3,283.00 Totals 15,590.00 15,590.00 46,820.00 46,820.00