PB 15. LO 4.4Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Building and Equipment were recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts Payable 3,600; Accounts Receivable 45,333; Building 156,000; Cash 50,480; Common Stock 110,000; Dividends 18,000; Equipment 33,500; Fees Earned Revenue 225,430; Land 18,000; Supplies Expense 5,123; Notes Payable 85,500; Retained Earnings 60,606; Salaries Expense 151,900; Supplies 6,800. Adjustments needed: Physical count of supplies inventory remaining at end of period, $3,300 Customer fees collected in advance (payments were recorded as Fees Earned), $18,500

PB 15. LO 4.4Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Building and Equipment were recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts Payable 3,600; Accounts Receivable 45,333; Building 156,000; Cash 50,480; Common Stock 110,000; Dividends 18,000; Equipment 33,500; Fees Earned Revenue 225,430; Land 18,000; Supplies Expense 5,123; Notes Payable 85,500; Retained Earnings 60,606; Salaries Expense 151,900; Supplies 6,800. Adjustments needed: Physical count of supplies inventory remaining at end of period, $3,300 Customer fees collected in advance (payments were recorded as Fees Earned), $18,500

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 3.23E: Adjustment for depreciation The estimated amount of depredation on equipment for the current year is...

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VOLTE If the difference between current assets and current liabilities is 67.2, bill payable 147.7, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: Oa. All the given choices are not correct Ob. 187.70 Oc. 244.90 Od. 97.20 Oe. 254,90 Next page O O D 个

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US iromel, Financial Accounting, Be tole I Sstem Anoencements Briel Exercise 12-4 Your answer is partially correct. Try again. Matervay Industries reported net income of $2 million in 2017. Depreciation for the year was $144,000, accounts receivable decreased $343,400, and accounts payable decreased s304.200. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis a Waterway Industries Statement of Cash Flows-Indirect Approach (*5,000)) For the Year Ended December 31, 2017 Cash Floves from Operating Activities Net Income 2000000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Decrease in Account Payable 343400 Increase in Account Payable 304200 Depreciation Expense 144000 791600 et Cash Provided by Operating Activities V 791600 Click if you would like to Show Work for this question: Open Show Work
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