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28 Sep 2019
The adjusted trial balance of Cheyenne Cooper Co. as of December 31, 2017, contains the following.
CHEYENNE COOPER CO.
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2017
Debit
Credit
Cash $20,177 Accounts Receivable 7,625 Prepaid Rent 2,985 Equipment 18,755 Accumulated Depreciation-Equipment $5,600 Notes Payable 6,405 Accounts Payable 6,177 Common Stock 20,705 Retained Earnings 12,015 Dividends 3,705 Service Revenue 12,295 Salaries and Wages Expense 7,545 Rent Expense 2,206 Depreciation Expense 199 Interest Expense 137 Interest Payable 137 $63,334
$63,334
Prepare income statement, statement of retained earnings, and classified balance sheet
The adjusted trial balance of Cheyenne Cooper Co. as of December 31, 2017, contains the following.
| CHEYENNE COOPER CO. | ||||||
| Debit | Credit | |||||
| Cash | $20,177 | |||||
| Accounts Receivable | 7,625 | |||||
| Prepaid Rent | 2,985 | |||||
| Equipment | 18,755 | |||||
| Accumulated Depreciation-Equipment | $5,600 | |||||
| Notes Payable | 6,405 | |||||
| Accounts Payable | 6,177 | |||||
| Common Stock | 20,705 | |||||
| Retained Earnings | 12,015 | |||||
| Dividends | 3,705 | |||||
| Service Revenue | 12,295 | |||||
| Salaries and Wages Expense | 7,545 | |||||
| Rent Expense | 2,206 | |||||
| Depreciation Expense | 199 | |||||
| Interest Expense | 137 | |||||
| Interest Payable | 137 | |||||
| $63,334 | $63,334 | |||||
Prepare income statement, statement of retained earnings, and classified balance sheet
Patrina SchowalterLv2
28 Sep 2019
Related questions
Use the adjusted trial balance for Stockton Company below toanswer the questions that follow.
Stockton Company | ||
Adjusted Trial Balance | ||
December 31 | ||
| Cash | 7,530 | |
| Accounts Receivable | 2,100 | |
| Prepaid Expenses | 700 | |
| Equipment | 13,700 | |
| Accumulated Depreciation | 1,100 | |
| Accounts Payable | 1,900 | |
| Notes Payable | 4,300 | |
| Common Stock | 1,000 | |
| Retained Earnings | 12,940 | |
| Dividends | 790 | |
| Fees Earned | 9,250 | |
| Wages Expense | 2,500 | |
| Rent Expense | 1,960 | |
| Utilities Expense | 775 | |
| Depreciation Expense | 250 | |
| Miscellaneous Expense | 185 | รขยย |
Totals | 30,490 | 30,490 |
รขยย
Determine the retained earnings ending balance.
Select one:
a.
$15,730
b.
$6,480
c.
$21,400
d.
$12,150
| The adjusted trial balance for Rich Landscape at December 31, 2014, contains the following accounts. | |||||
| Debits | Credits | ||||
| Buildings | $128.000 | Common Stock | 80.000 | ||
| Interest expense | $2.600 | Retained Earnings | 28.000 | ||
| Accounts Receivable | 7.540 | Accumulated Depreciation-Buildings | 42.600 | ||
| Prepaid Insurance | 4.680 | Accounts Payable | 12.300 | ||
| Cash | 18.040 | Notes Payable | 95.000 | ||
| Equipment | 62.400 | Accumulated Depreciation-Equipment | 18.720 | ||
| Land | 67.000 | Interest Payable | 2.600 | ||
| Insurance Expense | 780 | Service Revenue | 19.180 | ||
| Depreciation Expense | 7.360 | ||||
| $298.400 | Toals | $298.400 | |||
| Prepare the classified balance sheet |
