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Need to check if my financial statements correct and balanced. Need Balance Sheet, Multi-Step Income Statement, and Statement of Retained Earnings.

Need to check if my financial statements correct and balanced. Need Balance Sheet, Multi-Step Income Statement, and Statement of Retained Earnings.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 15MC: Which of the following is not a way to manage earnings? A. Change the method for bad debt...
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Need to check if my financial statements correct and balanced. Need Balance Sheet, Multi-Step Income Statement, and Statement of Retained Earnings.

 
Accounts Cash Accounts Recieveable Allowance for Doubtful Accounts Supplies Prepaid Insurance Building Equipment Land Accumulated Depreciation Investment in Bonds held to Maturity Accounts Payable Current Maturity of Note Payable Note Payable Unearned Revenue Interest Payable Salaries Payable Common stock Retained earnings Service Revenue Advertising Expense Depreciation Expense Insurance Expense Interest Expense Rent Expense Salaries Expense Supplies Expense Travel Expense Utilities Expense Loss on Sale of Equipment Total Debit $ 156,500 116,650 2,950 1,700 260,000 125,000 111,500 24,000 Credit $ 51,250 167,000 5,650 3,000 170,000 12,000 1,500 1,950 49,100 100,000 488,700 6,000 55,600 15,800 1,800 6,700 155,000 2,200 550 6,200 2,000 $1,050,150 $1,050,150
Transcribed Image Text:Accounts Cash Accounts Recieveable Allowance for Doubtful Accounts Supplies Prepaid Insurance Building Equipment Land Accumulated Depreciation Investment in Bonds held to Maturity Accounts Payable Current Maturity of Note Payable Note Payable Unearned Revenue Interest Payable Salaries Payable Common stock Retained earnings Service Revenue Advertising Expense Depreciation Expense Insurance Expense Interest Expense Rent Expense Salaries Expense Supplies Expense Travel Expense Utilities Expense Loss on Sale of Equipment Total Debit $ 156,500 116,650 2,950 1,700 260,000 125,000 111,500 24,000 Credit $ 51,250 167,000 5,650 3,000 170,000 12,000 1,500 1,950 49,100 100,000 488,700 6,000 55,600 15,800 1,800 6,700 155,000 2,200 550 6,200 2,000 $1,050,150 $1,050,150
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Principles of Accounting Volume 1
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ISBN:
9781947172685
Author:
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Publisher:
OpenStax College
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