ACCOUNTING BACKGROUND REQUIRED PRICE IS Negotiable Required On the next ta

ACCOUNTING BACKGROUND REQUIRED PRICE IS Negotiable
Required
On the next tab – The Financial Statement Template, complete the
income statement, the statement of
owner’s equity and the classified balance sheet by filling in the empty blue
squares. The information needed to
complete the financial statements is in the Adjusted Trial Balance
below. Be sure to note the Additional
Transactions to the right of the Adjusted Trial Balance.
Tybalt Construction
Adjusted Trial Balance
December 31, 2017
Additional transactions
No.
Account Title
Debit
Credit
Tybalt invested $5,000 cash in
the business during year 2017 (the December 31, 2016, credit balance of the
O. Tybalt, Capital account was $121,400). Tybalt Construction is required to
make a $7,000 payment on its long-term notes payable during 2018.
101
Cash
$
5,000.00
104
Short-term investments
23,000
126
Supplies
8,100
128
Prepaid insurance
7,000
167
Equipment
40,000
168
Accumulated
depreciation—Equipment
$
20,000.00
173
Building
150,000
174
Accumulated
depreciation—Building
50,000
183
Land
55,000
201
Accounts payable
16,500
203
Interest payable
2,500
208
Rent payable
3,500
210
Wages payable
2,500
213
Property taxes payable
900
233
Unearned professional fees
7,500
251
Long-term notes payable
67,000
301
O. Tybalt, Capital
126,400
302
O. Tybalt, Withdrawals
13,000
401
Professional fees earned
97,000
406
Rent earned
14,000
407
Dividends earned
2,000
409
Interest earned
2,100
606
Depreciation expense—Building
11,000
612
Depreciation expense—Equipment
6,000
623
Wages expense
32,000
633
Interest expense
5,100
637
Insurance expense
10,000
640
Rent expense
13,400
652
Supplies expense
7,400
682
Postage expense
4,200
683
Property taxes expense
5,000
684
Repairs expense
8,900
688
Telephone expense
3,200
690
Utilities expense
4,600.00
Totals
$411,900.00
$411,900.00

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Required
On the next ta appeared first on Solved Students Assignments.