Solution-Prepare the asset section of the classified

Prepare the asset section of the classified balance sheet

Assignment Help Accounting Basics

Reference no: EM131805806

Question 1

The following is the Alpha Dog Company adjusted Trail Balance.

Alpha Dog Company
Adjusted Trial Balance
December 31, 2016
Account Title	Debit	Credit
Cash	$88,450
Accounts Receivable	168,700
Supplies	30,255
Stock Investment	159,000
Equipment	295,285
Accumulated Depreciation		$235,760
Accounts Payable		73,555
Wages Payable		12,000
Capital Stock		220,000
Retained Earnings		111,145
Service Revenue		902,105
Interest Income		1,500
Rent Expense	63,500
Wages Expense	539,260
Supplies Expense	42,520
Depreciation Expense	164,095
Dividends	5,000	_________
Totals	$1,556,065	$1,556,065

Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Reference no: EM131805806

Questions Cloud

Calculate the book value of equipment that will be reported : Calculate the book value of the equipment that will be reported on the balance sheet dated December31, 2012.

What would be the lafayette has dividend income : Deerwood Corporation lends its principal shareholder, Lafayette, $886,600 on July 1 of the current year

Rapid expansion of the economy : Due to a technological boom and rapid expansion of the economy, the Federal Reserve Bank is pursuing a contractionary monetary policy

What are the equivalent units of production for materials : A department had following information for the month: Total materials costs $420,000 Conversion cost. What are the equivalent units of production for materials?

Prepare the asset section of the classified balance sheet : Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs

Calculate carla vistas net income as a percent of sales : Vertical analysis (common-size) percentages for Carla Vista Co's sales revenue and cost of goods sold. Calculate Carla Vista's net income as a percent of sales.

Draw the demand curve faced by west coast gas : Draw the demand curve faced by West Coast Gas and the marginal revenue curve. Draw the company's marginal cost and average cost curves.

Economy converges to the general equilibrium : State what happens to the FE and IS curves. Explain with the help of graphs what happens in the short-run to the expected real interest rate

Prepare all adjusting entries at december : These are selected 2014 transactions for Amarista Corporation. Prepare all adjusting entries at December 31 to record amortization required by the events.

User Account

All Pages

Prepare the asset section of the classified balance sheet

Reference no: EM131805806

Reference no: EM131805806

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT