WebThe following is the adjusted trial balance for Miller Company Miller Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances 11 12 8,130 3,300 2,750 10,400 13 18 19 < 21 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Diane Miller, Capital Diane … WebThe $39,000 depreciation charge for the year in the statement of profit or loss is reflected in the accumulated depreciation account. The carrying amount of the plant and machinery on the statement of financial position would be $130,000 ($390,000 – $260,000). A third account is required to handle disposals.
1. 2. 3. . Catena
WebCatena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,160 in cash (for a total at the end of the year of 880 shares). Web17. The balance on the unearned rent account for Jones Co. as of 12/31 is Rs. 1,200. If Jones Co. failed to record the adjusting entry for Rs. 600 of rent earned during … citybus sterzing
Unadjusted Trial Balance - Definition, Example, Uses
WebThe accumulated depreciation ($75) is taken away from the original cost of the equipment ($3,500) to show the book value of equipment ($3,425). The accounting equation is balanced, as shown on the balance sheet, because total assets equal $29,965 as do the … WebCalculator for depreciation at a declining balance factor of 2 (200% of straight line). Includes formulas, example, depreciation schedule and partial year calculations. ... the last period might be adjusted so that it … WebUsing the straight-line depreciation method, analyze the necessary adjusting entry as of December 31 (one month) using T accounts, and then formally enter this adjustment in the general journal. arrow_forward The estimated amount of depreciation on equipment for the current year is 7,700. city bus stand mangalore