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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![Account
Cash
Accounts Receivable
Prepaid Rent
Prepaid Insurance
Inventory
Building
Accumulated Dep- Building
Land
Equipment
Accumulated Dep-
Equipment
Capital
Drawings
Accounts Payable
Repairs Payable
Loans
Revenue
Advertising Expense
Maintenance Expense
Salaries Expense
Admin Expenses
Depreciation Expense
Total
Trial Balance
Micro Path Tech
October 30, 2020
Debit
10,000
1,500
1. Income Statement
2. Statement of Owner's Equity
3. Balance Sheet
1,200
3,400
800
30,000
8,200
12,800
500
1,200
1,650
7,000
5,800
5,000
89,050
Credit
6,000
4,000
31,250
8,000
1,600
15,000
23,200
89,050
Required: Prepare the following financial statements from the trial balance above. Use
Microsoft Excel and email me your answers by October 22, 2022](https://content.bartleby.com/qna-images/question/f1134513-47c3-47c8-bf76-d7cb31a7f997/94c0d8fa-e793-42c0-9575-ca6d609824c3/242gp8j_thumbnail.jpeg)
Transcribed Image Text:Account
Cash
Accounts Receivable
Prepaid Rent
Prepaid Insurance
Inventory
Building
Accumulated Dep- Building
Land
Equipment
Accumulated Dep-
Equipment
Capital
Drawings
Accounts Payable
Repairs Payable
Loans
Revenue
Advertising Expense
Maintenance Expense
Salaries Expense
Admin Expenses
Depreciation Expense
Total
Trial Balance
Micro Path Tech
October 30, 2020
Debit
10,000
1,500
1. Income Statement
2. Statement of Owner's Equity
3. Balance Sheet
1,200
3,400
800
30,000
8,200
12,800
500
1,200
1,650
7,000
5,800
5,000
89,050
Credit
6,000
4,000
31,250
8,000
1,600
15,000
23,200
89,050
Required: Prepare the following financial statements from the trial balance above. Use
Microsoft Excel and email me your answers by October 22, 2022
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- Courses =HCS380 Week 1 Terminology Matching Accounts Receivable Terminology Matching Note Payable Bonds Payable Common Stock Income Statement Balance Sheet Retained Earnings Statement Statement of Cash Flow Basic Accounting Equation multimedia.phoenix.edu Annual Report View Assessment HCS/380: Week 1 - Terminology Matching - Academic Resources Owed to a bank for the money borrowed Bill customer/patient for services HCS Debt securities sold to investors that must be repaid at a particular date in the future A AOL PASSV REQUIRED Enter your password for "kaylakı Accounts. Prepared by corporate management to present financial information, management discussion, notes, and auditor's report Used by creditors to determine if they will be paid Assets Liabilities+Stockholder's Equity Used by creditors and investors to analyze the organization's cash position Used by investors to evaluate the organization's history of paying high dividends The total amount paid in by stockholders for the share…arrow_forwardCreate the income statement from the adjusted trial balancearrow_forwardPurchased equitment with $6,000 cash. What accounts does this go into in the journal?arrow_forward
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