Unadjusted Trial Balance Account Title Adjustments Adjusted Trial Balance 80,311
ID: 2560655 • Letter: U
Question
Unadjusted Trial Balance Account Title Adjustments Adjusted Trial Balance 80,311.00 191,770.00 it $80,311.00 $ 191,770.00 as Accounts Receivable Allowance for bad debts Allowance for sales returns Inventory Estimated Returns Inventor 5,753 $2,110.00 S1,900.00 $ 248,868.00 $378,165.00 $80,605.00$297,560.00 $ 352,811.00 $ 10,500.00$ 2,100.00 s 12,350.00 $ 17,650.00 2,150.00 $ 16,150.00 $ 140,000.00 $ 997,100.00 $ 352,811.00 ul Prepaid Insurance Investments in Available for sale securities 12,600.00 30,000.00 140,000.00 997,100.00 $ 289,600.00 $ 14,130.00 $ 303,730.00 Accumulated Depreciation - Equip Defferred Tax Asset Accounts Payable Salaries Pavable $111,800.00 2,690.00 $ 105,843.00 S33,200.00 $ 111,800.00 d Liabillty 2,690.00 $ 105,843.00 S36,200.003,000.00 S 50,000.00 Deferred Rent Revenue Notes Payable Interest Payable Income taxes payable common stock Additional paid in capital Retained Earnings Accumulated Other Comprehensive Income Income Summary Dividends $240.00 $ 2,456,340.00 $2,456,340.00 $ 100,000.00 S59,000.00 $600,800.00 $600,800.00 (305.00) 1,200.00 1 1,505.00 75,000.00 S75,000.00 $ 4,410,136.00 $4,410,136.00 $27,000.00 $ 53,605.00 1,800.00 Sales Returns Cost of Goods Sold Sales Salaries Expense Advertising Expense Delivery Expense Depreciation expense equip Miscellaneous Selling expense Office Salaries Expense Rent Expense Insurance Expense Supplies Expense Bad debts expense Income taxes Expense Rent Revenue Interest Expen $ 106,200.00 $ 2,194,505.00 654,700.0 S 220,400.00 S 36,300.00 S43,730.00 $42,800.00 $ 409,290.00 $ 126,000.00 $12,350.00 $ 10,500.00 79,200.00 $2,140,900.00 652,900.00 $220,400.00 $ 14,130.00 29,600.00 42,800.00 890.00 $126,000.00 $ 12,350.00 10,500.00 $ 2,456,340.00 $3,000.00 $ 3,000.00 3,000.00 $5,373,146.00 5,373,146.00 $ 8,187,365.00 8,187,365.00 $ 2,938,459.00 2,938,459.00 Adjusted entries Totals DifferenceExplanation / Answer
**Net sales =4410136-106200=4303936
Total expense : 2194505+654700+220400+36300+43730+42800+409290+126000+12350+10500+3643+2456340+3240=6213798
Net Income =Net sales- Total expense +rent revenue
= 4303936-6213798+3000
= -1906862
**Retained earning at end = Beginning -net loss-dividend
=600800-1906862-75000
= -1381062
Statement of stockholders equity Common stock 100,000 Additional paid in capital 59,000 Total Paid in capital 159,000 Retained earning -1381062 Total paid in capital and retained earning -1222062 other comprehensive income (305) Total stockholders equity -1222367Related Questions
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