General Journal General Ledger Income Trial Balance Statement Balance Sheet Anal

Question

General Journal General Ledger Income Trial Balance Statement Balance Sheet Analysis Requirement Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance Unadjusted' TNT Fireworks Balance Sheet January 31, 2018 Assets Liabilities Current Assets Current Liabilities Total Current Liabilities Total Current Assets 0 Total Liabilities Noncurrent Assets Stockholders' Equity Total Stockholders' Equity Total Assets 0 Total Liabilities & Stockholders' Equity ncome Statement Analvsis>

Explanation / Answer

Working:

TNT FIREWORKS Balance Sheet As at January 31, 2018 Assets Cash 1600 Accounts Receivble 243900 Allowance for uncollectibale accounts 9620 234280 Inventory 15600 Note Receivable 34800 Interest Receivable *** 142 Current Asseta 286422 Land 174000 Equipment 21400 Accumulated Depreciation - Equipment 300 21100 Total Assets 481522 Liabilitiesand stockholders' Equity Accounts Payable 107200 Salaries Payable 34500 Income Tax Payable 10900 Total Liabilities 152600 Common Stock 239000 Retained Earnings: Balance as at January 1 76600 Net income 13322 Balance as at January 31 89922 Total Stockholders' Equity 328922 Total Liabilities and Stockholders' Equity 481522

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