bleting E4-16 Preparing the financial statements The adjusted trial balance for Green Advertising Services is presented below: Lea GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018 2. E Account Title Balance Debit Cash Credit $ 14,000 Accounts Receivable 15,800 Office Supplies 6,500 Land 18,400 Building 47,900 Accumulated Depreciation-Building $ 36,100 Furniture 19,600 Accumulated Depreciation-Furniture 14,100 Accounts Payable 10,600 Salaries Payable 7,200 Unearned Revenue 16,000 Green, Capital 61,400 Green, Withdrawals 18,300 Service Revenue 49,800 Salaries Expense 28,600 Supplies Expense 8,400 Depreciation Expense-Building 2,900 Depreciation Expense-Furniture 1,300 Advertising Expense 13,500 $ 195,200 $ 195,200 Total Requirements 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of owner's equity for the year ending December 31, 2018. year. Assume that there were no contributions made by the owner during the 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form.

bleting E4-16 Preparing the financial statements The adjusted trial balance for Green Advertising Services is presented below: Lea GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018 2. E Account Title Balance Debit Cash Credit $ 14,000 Accounts Receivable 15,800 Office Supplies 6,500 Land 18,400 Building 47,900 Accumulated Depreciation-Building $ 36,100 Furniture 19,600 Accumulated Depreciation-Furniture 14,100 Accounts Payable 10,600 Salaries Payable 7,200 Unearned Revenue 16,000 Green, Capital 61,400 Green, Withdrawals 18,300 Service Revenue 49,800 Salaries Expense 28,600 Supplies Expense 8,400 Depreciation Expense-Building 2,900 Depreciation Expense-Furniture 1,300 Advertising Expense 13,500 $ 195,200 $ 195,200 Total Requirements 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of owner's equity for the year ending December 31, 2018. year. Assume that there were no contributions made by the owner during the 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form.

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Description: bletingE4-16 Preparing the financial statementsThe adjusted trial balance for Green Advertising Services is presented below:LeaGREEN ADVERTISING SERVICESAdjusted Trial BalanceDecember 31, 20182. EAccount TitleBalanceDebitCashCredit$ 14,000Accounts R

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 3.6.3P: Adjustment process and financial statements Adjustment data for Ms. Ellen’s Laundry Inc. for the...

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Adjustment process and financial statements Adjustment data for Ms. Ellen’s Laundry Inc. for the year ended December 31, 20Y8, are as follows: a. Wages accrued but not paid at December 31. $2150 b. Depreciation of equipment during the year. $12500 c. Laundry supplies on hand at December 31. $1,500 d. Insurance premiums expired. $4600 Instructions Prepare a classified balance sheet as of December 31, 20Y8.
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Use the trial balance, adjustments and additional information to prepare the Statement ofComprehensive Income for the year ended 28 February 2022.Liat TradersPRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022Balance sheet accounts section Debit CreditR RCapital 550 854Drawings 75 150Land and buildings 477 164Vehicles at cost 91 000Equipment at cost 67 000Accumulated depreciation on vehicles 31000Accumulated depreciation onequipment 23800Trading inventory 68 800Debtors control 45 850Provision for bad debts 1900Bank 15 560Cash float 1 250Petty cash 250Creditors control 38 860Loan: MUFG Bank (15%) 21600Nominal accounts sectionSales 498 000Cost of sales 244 000Sales returns 8 000Wages 42 500Bank charges 2 300Rent income 26000Packing materials 12 000Advertising 8 500Rates 3 000Bad debts 900Discount allowed 750Discount received 980Stationery 8 500Interest on loan 2 970Water and electricity 5 550Insurance 5 000Telephone 7 0001 192 994 1 192 994Adjustments and additional information1. A…
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How to do the post-adjustment trial balance of Fling Incorporated for the financial year ended 31 December 2021. Motor vehicles50 000 DtAccumulated depreciation on motor vehicles5 000 CrDebtors control45 000 DtBank: one 7 550 DtBank two:650 CrEquipment25 000 DtAccumulated depreciation on equipment2 100 CrCreditors control15 600 CrShare capital3 000 CrRetained earnings31 800 CrRental income13 000 CrInventory: Finished products8 500 DtSale of goods135 000 CrWater and electricity8 800 DtSalaries and wages55 000 CrPrinting and stationery6 300 Cr206 150(206 150) Adjustments:1. Rental income earned monthly amounts to R1 000.2. Printing and stationery on hand as at 31 December 2021 amounted to R800.3. Cleaning expenses of R250 was incorrectly posted to the salaries and wages account.4. Discount of R150 was given to a debtor who…
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