It is all one excirsise CALCULATOR FULL SCREEN PRINTER VERSION BAC Exercise 3-11

Question

It is all one excirsise

CALCULATOR FULL SCREEN PRINTER VERSION BAC Exercise 3-11 The adjusted trial balance of Stellar Cooper Co. as of December 31, 2017, contains the following STELLAR COOPER cO ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Credit Debit $20,452 7,900 3,260 19,030 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable $5,875 6,680 6,452 20,980 12,290 3,980 12,570 7,820 2,186 219 157 157 $65,004 $ $65,004

Explanation / Answer

Income statement Service reveue 12570 Expenses Salaries and wages expense 7820 Rent expense 2186 Depreciation expense 219 Interest expense 157 Total expense 10382 Net income 2188 Statement of retained earnings Beginning retained earnings 12290 Net income 2188 14478 Dividend 3980 Ending retained earnings 10498 Balance sheet Assets Cash 20452 Accounts receivable 7900 Prepaid rent 3260 Total current assets 31612 Equipment 19030 Accumulated depreciation equipment -5875 13155 Total assets 44767 Liabilities and stockholders equity Notes payable 6680 Interest payable 157 Accounts payable 6452 Total liabilities 13289 Stockholders equity Common stock 20980 Retained earnings 10498 Total stockholders equity 31478 Total liabilities and stockholders equity 44767

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.