unadjusted Trial alae Adjusted Trial Balance Debit Adjustments |Credit |Credit 10130.00 5900.00 4327.00 12000.00 Account Title CASH ACCOUNTS RECEIVABLE SUPPLIES PREPAID RENT EQUIPMENT ACCU DEPRECIATION ACCOUNTS PAYABLE NOTES PAYABLE UTILITIES PAYABLE INTEREST PAYABLE Debit Credit Debit 10430.00 5900.00 22807.00 24000.00 37000.00 18480.00 12000.00 37000.00 1100.00 1100.00 5200.00 5200.00 30537.00 30537.00 3964.00 3964.00 150.00 150.00 82600.00 SERVICE REVENUE WAGES EXPENSE SUPPLIES EXPENSE RENT EXPENSE DEPRECIATION EXPENSE ELECTRICITY EXPENSE TELEPHONE EXPENSE INTEREST EXPENSE 82600.00 18200.00 18480.00 18200.00 18480.00 12000.00 12000.00 1100.00 1100.00 2470.00 2470.00 1494.00 1494.00 150.00 150.00 31730.00 31730.00 123551.00 123551.00 Totak 122301.00 122301.00 The above data were extracted from Nadia's Boutique accounts as of December 31, 2019. Based on the above information, prepare the company's classified financial statement.
unadjusted Trial alae Adjusted Trial Balance Debit Adjustments |Credit |Credit 10130.00 5900.00 4327.00 12000.00 Account Title CASH ACCOUNTS RECEIVABLE SUPPLIES PREPAID RENT EQUIPMENT ACCU DEPRECIATION ACCOUNTS PAYABLE NOTES PAYABLE UTILITIES PAYABLE INTEREST PAYABLE Debit Credit Debit 10430.00 5900.00 22807.00 24000.00 37000.00 18480.00 12000.00 37000.00 1100.00 1100.00 5200.00 5200.00 30537.00 30537.00 3964.00 3964.00 150.00 150.00 82600.00 SERVICE REVENUE WAGES EXPENSE SUPPLIES EXPENSE RENT EXPENSE DEPRECIATION EXPENSE ELECTRICITY EXPENSE TELEPHONE EXPENSE INTEREST EXPENSE 82600.00 18200.00 18480.00 18200.00 18480.00 12000.00 12000.00 1100.00 1100.00 2470.00 2470.00 1494.00 1494.00 150.00 150.00 31730.00 31730.00 123551.00 123551.00 Totak 122301.00 122301.00 The above data were extracted from Nadia's Boutique accounts as of December 31, 2019. Based on the above information, prepare the company's classified financial statement.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 36E
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Financial Statements are formal records of the financial Activities and positions of a organization. It includes the Balance Sheet, Income Statement and Cash Flow Statement and Statment of Owner's Equity. Financial Statements are prepared to give information of company's financial positions to outside users like investors , creditors, loan prodivers etc.
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