Please Help.Thank you! phntuinga workbook or worksheet? Chapter 2 Assignments 1

Question

Please Help.Thank you!

phntuinga workbook or worksheet? Chapter 2 Assignments 1 Create a trial balance for What SUP as of March 31, 2019 to create a trial balance in a format identical to that created in You are this chapter. Include a debit and credit column, totals for each column. and appropriate labels and formatting. Start with blank spreadsheet and once you have created the spreadsheet save the file as ch2-03_student name (replacing student_name with your name). An alphabetical listing of account information as of March 31, 2019, follows. Accounts payable Accounts receivable Accumulated depreciation: Building Accumulated depreciation: Equipment Advertising expense 80,000.00 95,000.00 60,000.00 17,000.00 15,000.00

Explanation / Answer

Trial Balance

Account Dr. Cr. Cash 30,000 Account Receivable 95,000 Inventory 1,20,000 Prepaid expense 14,000 Supplies 10,000 Land 1,15,000 Building 405,000 Accumulated depreciation: Building 60,000 Equipment 98,000 Acccumulated depreciation: Equipment 17,000 Account Payable 80,000 Long term debt 500,000 Common Stock 1,000 Retainrd earnings 135,000 Sales revenue 550,000 Cost of goods sold 345,000 Advertising expense 15,000 Depreciation expense 5,000 Payroll expense 72,000 Utilities 15,000 Other expense 4,000 Total 1,343,000 1,343,000

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