Presented below is the adjusted trial balance of Bellwether, Inc. at December 31, 2025: Debit    Credit Cash $11,255 Supplies 1,200 Prepaid rent 2,000 Equipment 48,000 Acc. Depreciation—Equipment $ 6,160 Goodwill 1,080 Accounts Payable 14,405 Wages Payable 470 Unearned Sales Revenue 65 Bonds Payable (due 2032) 22,000 Common Stock 10,000 Retained Earnings (before close) 18,100 Sales Revenue 10,000 Salaries and Wages Expense 9,065 Insurance Expense 6,500 Rent Expense 1,200 Interest Expense 900            Total $81,200 $81,200 Instructions: Prepare a properly formatted classified balance sheet at December 31, 2025, for Bellwether Inc.

Hanshaben

Presented below is the adjusted trial balance of Metlock Corporation at December 31, 2020.   Debit   Credit Cash $          ?     Supplies 1,560     Prepaid Insurance 1,360     Equipment 48,360     Accumulated Depreciation-Equipment     $  4,360 Trademarks 1,310     Accounts Payable     10,360 Salaries and Wages Payable     860 Unearned Service Revenue     2,360 Bonds Payable (due 2027)     9,360 Common Stock     10,360 Retained Earnings     25,360 Service Revenue     10,360 Salaries and Wages Expense 9,360     Insurance Expense 1,760     Rent Expense 1,560     Interest Expense 1,260         Total $          ?   $          ? Additional information: 1.   Net loss for the year was $3,580. 2.   No dividends were declared during 2020. Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) METLOCK…

The Trial Balance for Jaya Sentrycon at December 31, 2019 are as follows:   Account Tittle Trial Balance   Dr Cr Cash  45.000   Accounts Receivable 15.000   Roofing Supplies 12.000   Equipment 75.000   Accumulated Depreciation-Equipment   10.000 Accounts Payable   15.000 Unearned Revenue   4.500 Share Capital   87.500 Dividend 8.000   Service Revenue   55.000 Salaries Expense 12.300   Miscellaneous Expense 4.700   Total 172.000 172.000   Other data:  1. Physical counts remains only $ 3.600,- of roofing supplies on hand 2. Depreciations for December 31, 2019 is $ 1.200,- 3. Unearned revenue amounted to $ 900,- at December 31, 2019 4. Accrued salaries are $ 2.550,- 5. Account Receivable has not been recorded $ 3.950,-   Instructions: a. Journalize the adjusting entries! b. Enter the trial balance on a worksheet and complete the worksheet!  c. Prepare an Income Statement and Retained EarningStatement for the month of December 2019 and the Financial…

On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts                                                 Debit                    CreditCash                                                       $ 25,100Accounts Receivable                                 46,200Allowance for Uncollectible Accounts                                 $ 4,200Inventory                                                   20,000Land                                                          46,000Equipment                                                15,000Accumulated Depreciation                                                   1,500Accounts Payable                                                                28,500Notes Payable (6%, due April 1, 2022)                                50,000Common Stock                                                                    35,000Retained Earnings…

Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: Accounts Payable $ 24,860 Accounts Receivable 38,300 Accumulated depreciation, Equipment 10,190 Accumulated depreciation, Warehouse 20,380 Cash 7,500 Cash Dividends 18,700 Common Shares 103,000 Equipment 77,500 Income Tax Expense 39,700 Land 108,600 Notes Payable, due in 2026 32,700 Operating Expenses 108,300 Preferred Shares 38,300 Retained Earnings 26,820 Revenue 262,150 Warehouse 119,800 The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2023, the company's year- end.

The following is the ending balances of accounts at June 30, 2021, for Excell Company.   Account Title Debits Credits Cash $ 83,000         Short-term investments   65,000         Accounts receivable (net)   280,000         Prepaid expenses (for the next 12 months)   32,000         Land   75,000         Buildings   320,000         Accumulated depreciation—buildings       $ 160,000   Equipment   265,000         Accumulated depreciation—equipment         120,000   Accounts payable         173,000   Accrued liabilities         45,000   Notes payable         100,000   Mortgage payable         250,000   Common stock         100,000   Retained earnings         172,000   Totals $ 1,120,000   $ 1,120,000     Additional information: The short-term investments account includes $18,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021. The accounts receivable account consists of the following:            a. Amounts owed by…

The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:   Accounts Debits   Credits Cash $ 47,500           Accounts Receivable   31,700           Land   116,800           Accounts Payable           15,900   Notes Payable (due in 2 years)           36,000   Common Stock           106,000   Retained Earnings           38,100   Totals $ 196,000     $ 196,000       The following is a summary of the transactions for the year:   1.   January   12   Provide services to customers on account, $68,400. 2.   February   25   Provide services to customers for cash, $78,300. 3.   March   19   Collect on accounts receivable, $46,300. 4.   April   30   Issue shares of common stock in exchange for $36,000 cash. 5.   June   16   Purchase supplies on account, $13,300. 6.   July   7   Pay on accounts payable, $11,900. 7.   September   30   Pay salaries for employee work in the current year, $70,200. 8.   November   22…

he adjusted trial balance of Cullumber Company for the year ended December 31, 2022, is as follows:     Debit   Credit Cash   $ 6,900     Accounts Receivable   2,800     Notes Receivable   7,100     Inventory   9,500     Equipment   8,300     Allowance for Doubtful Accounts       $ 400 Accumulated Depreciation—Equipment       1,400 Notes Payable       1,400 Accounts Payable       700 Common Stock       16,800 Retained Earnings       11,500 Dividends   1,700     Sales Revenue       15,000 Interest Revenue       100 Cost of Goods Sold   8,000     Salary and Wages Expense   2,000     Rent Expense   900     Bad Debt Expense   70     Service Charge Expense   30         $ 47,300   $ 47,300 Attempts: 2 of 3 used (a3) Prepare a classified balance sheet. The notes payable is due on January 10, 2023. (List Current Assets in order of liquidity.)   Please don't provide answer in image format thank you

The December 31, 2021, adjusted trial balance for Fightin’ Blue Hens Corporation is presented below.Accounts                        Debit        Credit Cash                             $ 12,000 Accounts Receivable     150,000 Prepaid Rent                     6,000 Supplies                          30,000 Equipment                    400,000 Accumulated Depreciation           $ 135,000 Accounts Payable                              12,000 Salaries Payable                                 11,000 Interest Payable                                   5,000 Notes Payable (due in two years)      40,000 Common Stock                                 300,000 Retained Earnings                               60,000 Service Revenue                                500,000 Salaries Expense            400,000 Rent Expense                  20,000 Depreciation Expense     40,000 Interest Expense               5,000 Totals                          $1,063,000     $1,063,000Required:1. Prepare an income statement…