fill in charts CALCULATOR MESSAGE M Problem 4-2A The adjusted trial balance colu
ID: 2407084 • Letter: F
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fill in charts
CALCULATOR MESSAGE M Problem 4-2A The adjusted trial balance columns of the worksheet for Concord Company are as follows Concord Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No. Account Titles Cr by 112 Accounts Receivable 10,900 1,800 2,000 27,500 130 157 158 200 201 212 Pr Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Common Stock 5,600 14,900 6,300 2.400 600 14,200 4.700 230 6,700 55,800 8,000 4,300 5,600 3,700 28,400 600 104,500 631 Supplies Expense Salaries and Wages Expense Totals 104,500 Complete the worksheet by extending the balances to the financial statement columns.Explanation / Answer
1.
Concord Company
Worksheet
Adjut. Trial Balance
Income Statement
Balance Sheet
A/c No.
Accounts Title
Debit
Credit
Debit
Credit
Debit
Credit
101
Cash
5000
5000
112
Accounts Receivables
10900
10900
126
Supplies
1800
1800
130
Prepaid Insurance
2000
2000
157
Equipment
27500
27500
158
Accumulated Depreciation
5600
5600
200
Notes Payable
14900
14900
201
Accounts Payable
6300
6300
212
Salaries and wages Payable
2400
2400
230
Interest Payable
600
600
311
Common Stock
14200
14200
320
Retained Earnings
4700
4700
332
Dividends
6700
-6700
400
Service Revenue
55800
55800
610
Advertising Expenses
8000
8000
631
Supplies Expenses
4300
4300
711
Depreciation Expenses
5600
5600
722
Insurance Expenses
3700
3700
726
Salaries and Wages Expenses
28400
28400
905
Interest Expenses
600
600
TOTAL
104500
104500
50600
55800
53900
48700
Net Income
5200
5200
Totals
104500
104500
55800
55800
53900
53900
2.
Concord Company
Income Statement
Revenue
Service Revenue
55800
55800
Expenses
Salaries and wages Expense
28400
Supplies Expense
4300
Depreciation Expense
5600
Advertising Expense
8000
Insurance Expense
3700
Interest Expenses
600
Total expenses
50600
Net Income
5200
Concord Company
Statement of Retained earnings
Retained Earnings on Jan. 1, 2010
4700
Add: Net Income for 2010
5200
9900
Less: Dividend paid during 2010
-6700
Retained Earnings on Dec. 31, 2010
3200
3.
Concord Company
Statement of Retained earnings
Retained Earnings on Jan. 1, 2010
4700
Add: Net Income for 2010
5200
9900
Less: Dividend paid during 2010
-6700
Retained Earnings on Dec. 31, 2010
3200
4.
Concord Company
Balance Sheet
ASSETS
Current Assets
Cash
5000
Accounts Receivables
10900
Supplies
1800
Prepaid expenses
2000
Total Current Assets
19700
Non-current Assets
Equipment’s
27500
Less: Accumulated Depreciation
-5600
Total Non-current Assets
21900
TOTAL ASSETS
41600
LIABILITIES AND EQUITY
Current liabilities
Accounts Payable
6300
Notes Payable
14900
Salaries and Wages Payable
2400
Interest payable
600
Total Current Liabilities
24200
Non-current liabilities
Total liabilities
24200
Equity
Common Stock
14200
Retained Earnings
3200
Total Equity
17400
TOTAL LIABILITIES AND EQUITY
41600
Concord Company
Worksheet
Adjut. Trial Balance
Income Statement
Balance Sheet
A/c No.
Accounts Title
Debit
Credit
Debit
Credit
Debit
Credit
101
Cash
5000
5000
112
Accounts Receivables
10900
10900
126
Supplies
1800
1800
130
Prepaid Insurance
2000
2000
157
Equipment
27500
27500
158
Accumulated Depreciation
5600
5600
200
Notes Payable
14900
14900
201
Accounts Payable
6300
6300
212
Salaries and wages Payable
2400
2400
230
Interest Payable
600
600
311
Common Stock
14200
14200
320
Retained Earnings
4700
4700
332
Dividends
6700
-6700
400
Service Revenue
55800
55800
610
Advertising Expenses
8000
8000
631
Supplies Expenses
4300
4300
711
Depreciation Expenses
5600
5600
722
Insurance Expenses
3700
3700
726
Salaries and Wages Expenses
28400
28400
905
Interest Expenses
600
600
TOTAL
104500
104500
50600
55800
53900
48700
Net Income
5200
5200
Totals
104500
104500
55800
55800
53900
53900
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