48. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's balance sheet for the current year-end. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Debit Credit Cash $ 66,000 Accounts receivable 42,000 Equipment Accumulated depreciation 564,000 $ 108,000 Notes payable 90,000 Common stock 195,000 Retained earnings 93,000 Sales 489,000 Rent expense 66,000 Salaries expense 174,000 Depreciation expense 63,000 10 Totals $975,000 $975,000
48. Use Oma Bean Corporation's adjusted trial balance to prepare Oma Bean's balance sheet for the current year-end. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Debit Credit Cash $ 66,000 Accounts receivable 42,000 Equipment Accumulated depreciation 564,000 $ 108,000 Notes payable 90,000 Common stock 195,000 Retained earnings 93,000 Sales 489,000 Rent expense 66,000 Salaries expense 174,000 Depreciation expense 63,000 10 Totals $975,000 $975,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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