Question

In: Accounting

Problem 4-2A (Part Level Submission) The adjusted trial balance columns of the worksheet for Monty Company...

Problem 4-2A (Part Level Submission)

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

Monty Company
Worksheet
For the Year Ended December 31, 2019

Adjusted Trial Balance

Account No.

Account Titles

Dr.

Cr.
101 Cash 5,000
112 Accounts Receivable 10,800
126 Supplies 1,800
130 Prepaid Insurance 1,800
157 Equipment 27,400
158 Accumulated Depreciation—Equipment 5,200
200 Notes Payable 14,600
201 Accounts Payable 6,300
212 Salaries and Wages Payable 2,600
230 Interest Payable 500
311 Common Stock 12,600
320 Retained Earnings 3,500
332 Dividends 7,200
400 Service Revenue 58,300
610 Advertising Expense 8,700
631 Supplies Expense 3,700
711 Depreciation Expense 5,200
722 Insurance Expense 3,300
726 Salaries and Wages Expense 28,200
905 Interest Expense

500

  

Totals

103,600

103,600

repare a classified balance sheet. (Note: $5,470 of the notes payable become due in 2020.) (List Current Assets in order of liquidity.)

Solutions

Expert Solution

Working notes for retained earnings:

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

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...
Create a balance sheet The adjusted trial balance columns of the worksheet for Ayayai Company are...
Create a balance sheet The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 7,620 Prepaid Rent 2,180 Equipment 22,950 Accumulated Depreciation—Equip. 5,000 Notes Payable 5,800 Accounts Payable 4,500 Common Stock 20,500 Retained Earnings 8,550 Dividends 3,500 Service Revenue 15,500 Salaries and Wages Expense 10,800 Rent Expense 700 Depreciation Expense 600 Interest Expense 60...
The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company...
The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 7,620 Prepaid Rent 2,180 Equipment 22,950 Accumulated Depreciation—Equip. 5,000 Notes Payable 5,800 Accounts Payable 4,500 Common Stock 20,500 Retained Earnings 8,550 Dividends 3,500 Service Revenue 15,500 Salaries and Wages Expense 10,800 Rent Expense 700 Depreciation Expense 600 Interest Expense 60 Interest Payable 60     Totals...
The adjusted trial balance columns of the worksheet for Martinez Company are as follows. Martinez Company...
The adjusted trial balance columns of the worksheet for Martinez Company are as follows. Martinez Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,300 112 Accounts Receivable 10,700 126 Supplies 1,600 130 Prepaid Insurance 1,900 157 Equipment 27,500 158 Accumulated Depreciation—Equipment 5,100 200 Notes Payable 14,000 201 Accounts Payable 6,100 212 Salaries and Wages Payable 2,100 230 Interest Payable 700 311 Common Stock 9,900 320 Retained Earnings 3,400...
The adjusted trial balance columns of the worksheet for Martinez Company are as follows. Martinez Company...
The adjusted trial balance columns of the worksheet for Martinez Company are as follows. Martinez Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 7,720 Prepaid Rent 2,340 Equipment 22,700 Accumulated Depreciation—Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,500 Common Stock 21,010 Retained Earnings 8,200 Dividends 3,850 Service Revenue 15,000 Salaries and Wages Expense 10,600 Rent Expense 750 Depreciation Expense 650 Interest Expense 80 Interest Payable    80...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,400 112 Accounts Receivable 11,000 126 Supplies 1,400 130 Prepaid Insurance 1,800 157 Equipment 26,500 158 Accumulated Depreciation—Equipment 5,500 200 Notes Payable 13,200 201 Accounts Payable 6,200 212 Salaries and Wages Payable 2,100 230 Interest Payable 700 311 Common Stock 10,400 320 Retained Earnings 4,900...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,400 112 Accounts Receivable 11,000 126 Supplies 1,400 130 Prepaid Insurance 1,800 157 Equipment 26,500 158 Accumulated Depreciation—Equipment 5,500 200 Notes Payable 13,200 201 Accounts Payable 6,200 212 Salaries and Wages Payable 2,100 230 Interest Payable 700 311 Common Stock 10,400 320 Retained Earnings 4,900...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,400 112 Accounts Receivable 11,000 126 Supplies 1,400 130 Prepaid Insurance 1,800 157 Equipment 26,500 158 Accumulated Depreciation—Equipment 5,500 200 Notes Payable 13,200 201 Accounts Payable 6,200 212 Salaries and Wages Payable 2,100 230 Interest Payable 700 311 Common Stock 10,400 320 Retained Earnings 4,900...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,400 112 Accounts Receivable 11,000 126 Supplies 1,400 130 Prepaid Insurance 1,800 157 Equipment 26,500 158 Accumulated Depreciation—Equipment 5,500 200 Notes Payable 13,200 201 Accounts Payable 6,200 212 Salaries and Wages Payable 2,100 230 Interest Payable 700 311 Common Stock 10,400 320 Retained Earnings 4,900...
Question 1 The adjusted trial balance columns of the worksheet for Martinez Company are as follows....
Question 1 The adjusted trial balance columns of the worksheet for Martinez Company are as follows. MARTINEZ COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Dr. Cr. Cash 8,850 Accounts Receivable 7,769 Prepaid Rent 2,478 Equipment 23,235 Accumulated Depreciation—Equip. 5,386 Notes Payable 5,842 Accounts Payable 4,831 Share Capital—Ordinary 24,145 Retained Earnings 4,224 Dividends 3,287 Service Revenue 12,464 Salaries and Wages Expense 9,695 Rent Expense 842 Depreciation Expense 736 Interest Expense 22 Interest Payable...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT