Balance Sheet and Unadjusted Trial Balance Cr. Adjusted Trial Balance Income Statement of Adjustments Dr. Cr. Owner's Equity Cr. Statement No. Account Title 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees 301 F. Planta, Capital 302 F. Planta, Withdrawals 401 Plumbing fees earned 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses Dr. Dr. Cr. Dr. Cr. Dr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 38,000 13,000 8,700 $189,800 Totals $189,800 Net income Totals Check Net Income, $17,800

Please Answer In Excel Sheet....!

List the two primary types of accounts found in the income statement. Provide the following information for each of the two accounts: Norm (normal) balance – debit or credit Balance at the beginning of the year Balance at the end of the year after the accounts are closed

Lamp Light Company maintains and repairs warning lights, such as those found on radio towersand lighthouses. Lamp Light prepared the following end-of-period spreadsheet at December 31,2018, the end of the fiscal year: Instructions1. Prepare an income statement for the year ended December 31.2. Prepare a retained earnings statement for the year ended December 31.3. Prepare a balance sheet as of December 31.4. Based upon the end-of-period spreadsheet, journalize the closing entries.5. Prepare a post-closing trial balance.

Salary expense has a balance of $65,400 in the trial balance debit column of a worksheet. The adjustments credit column contains a $500 credit to salary payable. The adjusted trial balance column will show:

Use the information from the Adjusted Trial Balance and Financial Statement templates provided in the module under Test 2 information you completed to answer questions 36 - 50. (Also copied below.) For Question 36, how much revenue should be recorded on the Income Statement? Elliptical Consulting Adjusted Trial Balance For the Year Ended June 30, 2019     Account Title       Debit       Credit Cash 27,000   Accounts Receivable 53,500   Supplies 900   Office Equipment 30,500   Accumulated Depreciation – Office Equipment   6,000 Accounts Payable   3,300 Salaries Payable   375 Jayson Neese, Capital   82,200 Jayson Neese, Drawing 2,000   Fees Earned   60,000 Salary Expense 32,375   Supplies Expense 2,100   Depreciation Expense 1,500   Miscellaneous Expense 2,000         Totals 151,875 151,875   Notice that the accounts are listed in order of the accounting…

The following selected accounts appear in the adjusted trial balance columns of the worksheet for Ashram Company. Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended. Income Statement Balance Sheet Account Dr. Cr. Dr. Cr. Accumulated Depreciation Depreciation Expense Owner's Capital Owner's Drawings Service Revenue Supplies Accounts Payable > > > > > > > > > > > > > > > > > > >

Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are: $ 44, 500 9,050 61,500 7,900 5,650 82, 000 152,000 32,750 47,500 100,000 150,000 97,850 Cash Accounts Receivable Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Land Accounts Payable Notes Payable (due in three years) Common Stock Retained Earnings During the year, the company had the following summarized activities: a. Purchased equipment that cost $25,350, paid $9,450 cash and signed a two-year note for the balance. b. Issued an additional 2,600 shares of common stock for $26,000 cash. c. Borrowed $61,000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $6,200 cash. e. Built an addition to the factory buildings for $69,750; paid $33,250 in cash and signed a three-year note for the balance. f. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked.

Use the information from the Adjusted Trial Balance and Financial Statement templates provided in the module under Test 2 information you completed to answer questions 36 - 50. (Also copied below.) For Question 36, how much revenue should be recorded on the Income Statement? Elliptical Consulting Adjusted Trial Balance For the Year Ended June 30, 2019     Account Title       Debit       Credit Cash 27,000   Accounts Receivable 53,500   Supplies 900   Office Equipment 30,500   Accumulated Depreciation – Office Equipment   6,000 Accounts Payable   3,300 Salaries Payable   375 Jayson Neese, Capital   82,200 Jayson Neese, Drawing 2,000   Fees Earned   60,000 Salary Expense 32,375   Supplies Expense 2,100   Depreciation Expense 1,500   Miscellaneous Expense 2,000         Totals 151,875 151,875   Notice that the accounts are listed in order of the accounting…