Reference no: EM132553962
Key Insurance Agency
Adjusted Trial Balance December 31, 2019.
Cash $ 9600
Accounts Receivable 6700
Land 60000
Accumulated depreciation: Land 12000
Building 90000
Accumulated depreciation: Building 30000
Accounts Payable 4057
Salaries Payable 5943
Steve James, Capital 108000
Steve James, Drawing 20249
Commission Earned 97220
Repairs Expense 40751
Salary Expense 5200
Power Expense 15000
Advertising Expense 33788
Rent Expense 49712
Depreciation Expense: Land 6000
Depreciation Expense: Building 15000
Instructions:
Question i) Balance Sheet (in report form) including proper headings at December 31, 2019.
Question ii) income statement and a statement of owner's equity for the year ended December 31, 2019.
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Prepare journal entries to close the accounts
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Responsibility for paying the legal entitys liabilities
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Construct a income statement and a statement of owner equity
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Federal land management agency
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Prepare classified cash flow statement
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Some organizations prohibit workers
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Elapse before a refill is needed
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