follows. 1) The adjusted trial balance columns of the worksheet for Auburn Company are as Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Equip, Auburn Company Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Dr. Cr. 10,000 7,840 2,280 23,050 4,900 Income Statement Dr. Cr. Balance Sheet Dr. Cr.

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PA: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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E4.2

E4.2 (LO 1) The adjusted trial balance columns of the worksheet for Auburn Company are as
follows.
Account Titles
Cash
Accounts Receivable
Prepaid Rent
Equipment
Accumulated
Depreciation Equip.
Notes Payable
Accounts Payable
Owner's Capital
Owner's Drawings
Service Revenue
Salaries and Wages Expense
Rent Expense
Depreciation Expense
Interest Expense
Interest Payable
Totals
Instructions
Complete the worksheet.
Auburn Company
Worksheet (partial)
For the Month Ended April 30, 2020
Adjusted
Trial Balance
Cr.
Dr.
10,000
7,840
2,280
23,050
3,650
10,840
760
650
57
59,127
4,900
5,700
4,920
27,960
15,590
57
59,127
Income
Statement
Dr.
Cr.
Balance Sheet
Dr.
Cr.
Transcribed Image Text:E4.2 (LO 1) The adjusted trial balance columns of the worksheet for Auburn Company are as follows. Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Instructions Complete the worksheet. Auburn Company Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Cr. Dr. 10,000 7,840 2,280 23,050 3,650 10,840 760 650 57 59,127 4,900 5,700 4,920 27,960 15,590 57 59,127 Income Statement Dr. Cr. Balance Sheet Dr. Cr.
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Follow-up Question
E4.3 (LO 1, 4) Financial Statement Worksheet data for Auburn Company are presented in E4.2.
The owner did not make any additional investments in the business in April.
Instructions
Prepare an income statement, an owner's equity statement, and a classified balance sheet.
Transcribed Image Text:E4.3 (LO 1, 4) Financial Statement Worksheet data for Auburn Company are presented in E4.2. The owner did not make any additional investments in the business in April. Instructions Prepare an income statement, an owner's equity statement, and a classified balance sheet.
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