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In: Accounting

The adjusted trial balance columns of the worksheet for Monty Company are as follows: Complete the...

The adjusted trial balance columns of the worksheet for Monty Company are as follows:

Complete the worksheet.

Monty Company
Worksheet (Partial)
choose the accounting period                                                          April 30, 2022For the Month Ended April 30, 2022

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Titles

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.
Cash 11,000
Accounts Receivable 8,000
Prepaid Rent 2,200
Equipment 22,700
Accumulated Depreciation—Equip. 5,000
Notes Payable 5,700
Accounts Payable 5,000
Common Stock 21,255
Retained Earnings 7,180
Dividends 3,700
Service Revenue 15,500
Salaries and Wages Expense 10,660
Rent Expense 700
Depreciation Expense 675
Interest Expense 70
Interest Payable

     

70
      Totals

59,705

59,705

enter a total for the debit column

enter a total for the credit column

enter a total for the debit column

enter a total for the credit column
Net Income enter a total net income or loss amount enter a total net income or loss amount enter a total net income or loss amount enter a total net income or loss amount
      Totals enter a total of the two previous amounts enter a total of the two previous amounts enter a total of the two previous amounts enter a total of the two previous amounts

Solutions

Expert Solution

Monty Company
Worksheet (Partial)
For the month ended April 30, 2022
Adjusted Trial Balance Income Statement Balance Sheet
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash $ 11,000 $ 11,000
Accounts Receivable $ 8,000 $ 8,000
Prepaid Rent $ 2,200 $ 2,200
Equipment $ 22,700 $ 22,700
Accumulated Depreciation—Equip. $ 5,000 $ 5,000
Notes Payable $ 5,700 $ 5,700
Accounts Payable $ 5,000 $ 5,000
Common Stock $ 21,255 $ 21,255
Retained Earnings $ 7,180 $ 7,180
Dividends $ 3,700 $ 3,700
Service Revenue $ 15,500 $ 15,500
Salaries and Wages Expense $ 10,660 $ 10,660
Rent Expense $ 700 $ 700
Depreciation Expense $ 675 $ 675
Interest Expense $ 70 $ 70
Interest Payable $ 70 $ 70
Totals $ 59,705 $ 59,705 $ 12,105 $ 15,500 $ 47,600 $ 44,205
Net Income $ 3,395 $ 3,395
Totals $ 59,705 $ 59,705 $ 15,500 $ 15,500 $ 47,600 $ 47,600

ekkarill92 answered 2 years ago
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