Insert Desq uyou Refere Malin Rene. View Helo Tei me e :Calibri (Body) Paragraph

Question

Insert Desq uyou Refere Malin Rene. View Helo Tei me e :Calibri (Body) Paragraph Styles Editin9 Dectate WileyPLUS Weyoand, Financial and Meanungerial,a Adjusted Trial Balance December 31, 2019 ASSIGNMENT RESOURCES Optional Extra dredi Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable Interest Payable Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Interest Expense Curzent Liablties 01 E Question 13 a Questio021 $1,180 875 350 1210 1.200 Accounts Payable Salaries and Wages Payable Notes Payable $40 73 56 300 Cursent Lisblities E Question 2 Gbockholders Equity 15 800 ercse.o Retained Eamngs 500 4,515 eview Scote 1.006 125 165 1,025 110 15 $7,801 $7,801 to search

Explanation / Answer

Income Statement: Service revenue 4515 Less: Operating expense Salaries and wages expense 1006 Utilities expenses 125 Advertisement expenses 165 Supplies expenses 1025 Depreciation expense 40 Insurance expenses 110 Interest expenses 15 Total Operating expenses 2486 Net operating income 2029 Statement of Retained earnings: Beginning balance of RE 0 Add: Net income 2029 2029 Less: Dividend 500 Retained earnings at the end 1529 Balance Ssheet: Assets Current assets: Cash 1180 Accounts receivable 875 Supplies 350 Prepaid insurance 1210 Total Current liabilities 3615 Equipment 1200 Less: Accumulated dep 40 1160 Total assets 4775 Liabilities Current liabilities: Accounts payabale 75 Salaries and wages payable 56 Unearned service revenue 300 Total current liabilities 431 Longterm liabilities: Note payable 2000 Interest payable 15 Total Long term liabilities 2015 Total liabilities 2446 Stockholder's equity Common Stock 800 Retained earnings 1529 Total Stockkholder's equity 2329 Total liabilities and Stockholder's equity 4775

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