Question

The following is the Alpha Dog Company adjusted Trial Balance.

Alpha Dog Company
Adjusted Trial Balance
December 31, 2016
Account Title	Debit	Credit
Cash	$42,650
Accounts Receivable	165,700
Supplies Inventory	30,255
Prepaid rent	15,900
Equipment	395,285
Accumulated Depreciation		$245,760
Accounts Payable		76,055
Wages Payable		13,000
Capital Stock		200,000
Retained Earnings		105,145
Service Revenue		716,705
Interest Income		1,500
Rent Expense	63,500
Wages Expense	439,260
Supplies Expense	46,520
Depreciation Expense	154,095
Dividends	5,000	_________
Totals	$1,358,165	$1,358,165

Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Answer 1

• Only ASSET’s section has been asked:

Alpha Dog Company
Balance Sheet - Partial
as at Dec 31, 2016
ASSETS
Current Assets:
Cash	$          42,650.00
Accounts Receivable	$        165,700.00
Supplies Inventory	$          30,255.00
Prepaid rent	$          15,900.00
Total Current Assets		$        254,505.00
Plant, Property & Equipment:
Equipment	$        395,285.00
Less: Accumulated Depreciation	$        245,760.00
Plant, Property & Equipment, net		$        149,525.00
Total ASSETS		$        404,030.00