Question

Using the adjusted trial balance below prepare the asset section of the balance by drag and dropping the appropriate word or number.

ABC Co.
WORKSHEET
FOR THE YEAR ENDED DECEMBER 31, 2019
              
        ADJUSTED TRIAL BALANCE
ACCOUNT TITLES       DEBIT ($)   CREDIT ($)
              
Accounts Payable         $ 23,800
Accounts Receivable      $ 23,600     
Accumulated depreciation - Vehicles         $ 30,000
Advertising Expense      $ 5,000     
Capital, Kory Lee         $ 367,500
Cash      $ 272,080     
Depreciation Expense      $ 5,400     
Gardening Revenue         $ 255,000
Gardening Supplies      $ 4,500     
Insurance Expense      $ 3,000     
Interest Revenue         $ 200
Internet Expense      $ 1,060     
Notes Payable         $ 10,000
Notes Receivable (Due within 13 months)      $ 5,000     
Prepaid Insurance      $ 8,000     
Supplies Expense      $ 1,340     
Telephone Expense      $ 1,120     
Unearned Revenue         $ 2,000
Utilities Expense      $ 3,000     
Vehicles      $ 135,000     
Wage Expense      $ 155,400     
Withdrawals - Kory Lee      $ 65,000     
              
       $ 688,500   $ 688,500

ABC CO.      
Balance Sheet      
As at December 31, 2019      
   
Assets:                  
Current assets:                  
Cash       $ 272,080  
Accounts Receivable   $ 23,600  
Prepaid Insurance   $ 8,000  
Gardening Supplies   $ 4,500  
Total Current Assets       $ 308,180
Non-Current Assets:                  
        Notes Receivable  
$ blank
  
           
blank                  
Vehicles       $ 135,000  
Less accumulated depreciation   $ [3]]   $ blank
           
Total assets:                   $ blank

5,000 Property, Plant & Equipmentt 30,000 105,000 418,180 129,600 No entry this is a current asset 5,400 Physical Property and Equipment 442,780 0 410,180

Answer 1

ABC CO.
Balance Sheet
As at December 31, 2019
Assets:
Current assets:
Cash	$        272,080
Accounts Receivable	$          23,600
Prepaid Insurance	$             8,000
Gardening Supplies	$             4,500
Total Current Assets		$        308,180
Non-Current Assets:
Notes Receivable		$             5,000
Property, Plant and Equipment
Vehicles	$        135,000
Less : Accumulated Depreciation	$          30,000
Property, Plant and Equipment, Net		$        105,000
Total assets:		$        418,180