Appendix 1: Financial Statements From an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 154 Accounts Receivable 1,126 Supplies 51 Prepaid Insurance 38 Land 1,280 Equipment 512 Accum. Depr.—Equipment 102 Accounts Payable 461 Wages Payable 51 Brenda Schultz, Capital 2,228 Brenda Schultz, Drawing 102 Fees Earned 1,254 Wages Expense 307 Rent Expense 154 Insurance Expense 128 Utilities Expense 90 Supplies Expense 77 Depreciation Expense 51 Miscellaneous Expense 26 Totals 4,096 4,096 Net income (loss) Prepare an income statement for Alert Security Services Co. Alert Security Services Co. Income Statement For the Year Ended October 31, 2019 $fill in the blank 899ff8005021077_2 Expenses: $fill in the blank 899ff8005021077_4 fill in the blank 899ff8005021077_6 fill in the blank 899ff8005021077_8 fill in the blank 899ff8005021077_10 fill in the blank 899ff8005021077_12 fill in the blank 899ff8005021077_14 fill in the blank 899ff8005021077_16 Total expenses fill in the blank 899ff8005021077_17 $fill in the blank 899ff8005021077_19 Prepare a statement of owner's equity for Alert Security Services Co. Negative amounts should be indicated by a minus sign. Alert Security Services Co. Statement of Owner's Equity For the Year Ended October 31, 2019 $fill in the blank 06f4d50a7ffdff0_2 $fill in the blank 06f4d50a7ffdff0_4 fill in the blank 06f4d50a7ffdff0_6 fill in the blank 06f4d50a7ffdff0_8 $fill in the blank 06f4d50a7ffdff0_10 Prepare a balance sheet for Alert Security Services Co. Alert Security Services Co. Balance Sheet October 31, 2019 Assets Current assets: $fill in the blank 2ecb26ff7f87f92_2 fill in the blank 2ecb26ff7f87f92_4 fill in the blank 2ecb26ff7f87f92_6 fill in the blank 2ecb26ff7f87f92_8 Total current assets $fill in the blank 2ecb26ff7f87f92_9 Property, plant, and equipment: $fill in the blank 2ecb26ff7f87f92_11 $fill in the blank 2ecb26ff7f87f92_13 fill in the blank 2ecb26ff7f87f92_15 fill in the blank 2ecb26ff7f87f92_16 Total property, plant, and equipment fill in the blank 2ecb26ff7f87f92_17 Total assets $fill in the blank 2ecb26ff7f87f92_18 Liabilities Current liabilities: $fill in the blank 2ecb26ff7f87f92_20 fill in the blank 2ecb26ff7f87f92_22 Total liabilities $fill in the blank 2ecb26ff7f87f92_23 Owner's Equity fill in the blank 2ecb26ff7f87f92_25 Total liabilities and owner's equity $fill in the blank 2ecb26ff7f87f92_26
Appendix 1: Financial Statements From an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 154 Accounts Receivable 1,126 Supplies 51 Prepaid Insurance 38 Land 1,280 Equipment 512 Accum. Depr.—Equipment 102 Accounts Payable 461 Wages Payable 51 Brenda Schultz, Capital 2,228 Brenda Schultz, Drawing 102 Fees Earned 1,254 Wages Expense 307 Rent Expense 154 Insurance Expense 128 Utilities Expense 90 Supplies Expense 77 Depreciation Expense 51 Miscellaneous Expense 26 Totals 4,096 4,096 Net income (loss) Prepare an income statement for Alert Security Services Co. Alert Security Services Co. Income Statement For the Year Ended October 31, 2019 $fill in the blank 899ff8005021077_2 Expenses: $fill in the blank 899ff8005021077_4 fill in the blank 899ff8005021077_6 fill in the blank 899ff8005021077_8 fill in the blank 899ff8005021077_10 fill in the blank 899ff8005021077_12 fill in the blank 899ff8005021077_14 fill in the blank 899ff8005021077_16 Total expenses fill in the blank 899ff8005021077_17 $fill in the blank 899ff8005021077_19 Prepare a statement of owner's equity for Alert Security Services Co. Negative amounts should be indicated by a minus sign. Alert Security Services Co. Statement of Owner's Equity For the Year Ended October 31, 2019 $fill in the blank 06f4d50a7ffdff0_2 $fill in the blank 06f4d50a7ffdff0_4 fill in the blank 06f4d50a7ffdff0_6 fill in the blank 06f4d50a7ffdff0_8 $fill in the blank 06f4d50a7ffdff0_10 Prepare a balance sheet for Alert Security Services Co. Alert Security Services Co. Balance Sheet October 31, 2019 Assets Current assets: $fill in the blank 2ecb26ff7f87f92_2 fill in the blank 2ecb26ff7f87f92_4 fill in the blank 2ecb26ff7f87f92_6 fill in the blank 2ecb26ff7f87f92_8 Total current assets $fill in the blank 2ecb26ff7f87f92_9 Property, plant, and equipment: $fill in the blank 2ecb26ff7f87f92_11 $fill in the blank 2ecb26ff7f87f92_13 fill in the blank 2ecb26ff7f87f92_15 fill in the blank 2ecb26ff7f87f92_16 Total property, plant, and equipment fill in the blank 2ecb26ff7f87f92_17 Total assets $fill in the blank 2ecb26ff7f87f92_18 Liabilities Current liabilities: $fill in the blank 2ecb26ff7f87f92_20 fill in the blank 2ecb26ff7f87f92_22 Total liabilities $fill in the blank 2ecb26ff7f87f92_23 Owner's Equity fill in the blank 2ecb26ff7f87f92_25 Total liabilities and owner's equity $fill in the blank 2ecb26ff7f87f92_26
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 4.23EX: Appendix 1 Completing an end-of-period spreadsheet Alert Security Services Co. offers security...
Related questions
Question
-
Appendix 1: Financial Statements From an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business clients.
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 154 Accounts Receivable 1,126 Supplies 51 Prepaid Insurance 38 Land 1,280 Equipment 512 Accum. Depr.—Equipment 102 Accounts Payable 461 Wages Payable 51 Brenda Schultz, Capital 2,228 Brenda Schultz, Drawing 102 Fees Earned 1,254 Wages Expense 307 Rent Expense 154 Insurance Expense 128 Utilities Expense 90 Supplies Expense 77 Depreciation Expense51 Miscellaneous Expense 26 Totals 4,096 4,096 Net income (loss) Prepare an income statement for Alert Security Services Co.
Alert Security Services Co. Income Statement For the Year Ended October 31, 2019 $fill in the blank 899ff8005021077_2 Expenses: $fill in the blank 899ff8005021077_4 fill in the blank 899ff8005021077_6 fill in the blank 899ff8005021077_8 fill in the blank 899ff8005021077_10 fill in the blank 899ff8005021077_12 fill in the blank 899ff8005021077_14 fill in the blank 899ff8005021077_16 Total expenses fill in the blank 899ff8005021077_17 $fill in the blank 899ff8005021077_19 Prepare a statement of owner's equity for Alert Security Services Co. Negative amounts should be indicated by a minus sign.
Alert Security Services Co. Statement of Owner's Equity For the Year Ended October 31, 2019 $fill in the blank 06f4d50a7ffdff0_2 $fill in the blank 06f4d50a7ffdff0_4 fill in the blank 06f4d50a7ffdff0_6 fill in the blank 06f4d50a7ffdff0_8 $fill in the blank 06f4d50a7ffdff0_10 Prepare a balance sheet for Alert Security Services Co.
Alert Security Services Co. Balance Sheet October 31, 2019 Assets Current assets: $fill in the blank 2ecb26ff7f87f92_2 fill in the blank 2ecb26ff7f87f92_4 fill in the blank 2ecb26ff7f87f92_6 fill in the blank 2ecb26ff7f87f92_8 Total current assets $fill in the blank 2ecb26ff7f87f92_9 Property, plant, and equipment: $fill in the blank 2ecb26ff7f87f92_11 $fill in the blank 2ecb26ff7f87f92_13 fill in the blank 2ecb26ff7f87f92_15 fill in the blank 2ecb26ff7f87f92_16 Total property, plant, and equipment fill in the blank 2ecb26ff7f87f92_17 Total assets $fill in the blank 2ecb26ff7f87f92_18 Liabilities Current liabilities: $fill in the blank 2ecb26ff7f87f92_20 fill in the blank 2ecb26ff7f87f92_22 Total liabilities $fill in the blank 2ecb26ff7f87f92_23 Owner's Equity fill in the blank 2ecb26ff7f87f92_25 Total liabilities and owner's equity $fill in the blank 2ecb26ff7f87f92_26
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial & Managerial Accounting
Accounting
ISBN:
9781337119207
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial & Managerial Accounting
Accounting
ISBN:
9781337119207
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning