P3 2 (Adjusting Entries and Financial Statements) Mason Advertising Agency was founded in January

P3 2 (Adjusting Entries and Financial Statements) Mason Advertising Agency was founded in January


S
Asked by 6 months ago
0 points

P3-2 (Adjusting Entries and Financial Statements) Mason Advertising Agency was founded in January

  1. Presented below are adjusted and unadjusted trial balances as of December 31, 2014.

MASON ADVERTISING AGENCY

Trial Balance

December 31, 2014

Unadjusted

Adjusted

Debit

Credit

Debit

Credit

Cash

11,000

11,000

Accounts Receivable

20,000

23,500

Supplies

8,400

3,000

Prepaid Insurance

3,350

2,500

Equipment

60,000

60,000

Accumulated Depreciation - Equipment

28,000

33,000

Accounts Payable

5,000

5,000

Interest Payable

0

150

Notes Payable

5,000

5,000

Unearned Service Revenue

7,000

5,600

Salaries and Wages Payable

0

1,300

Common Stock

10,000

10,000

Retained Earnings

3,500

3,500

Service Revenue...

P3 2
solarc

1 Answer

S
Answered by 6 months ago
0 points

Oh Snap! This Answer is Locked

P3 2 (Adjusting Entries and Financial Statements) Mason Advertising Agency was founded in January

Thumbnail of first page

Excerpt from file: ACCT3110 E38(AdjustingEntries)AndyRoddickisthenewownerofAceComputerServices.AttheendofAugust2014, hisfirstmonthofownership,Roddickistryingtopreparemonthlyfinancialstatements.Belowissomeinformation relatedtounrecordedexpensesthatthebusinessincurredduringAugust.

Filename: p3-2-adjusting-entries-and-financial-statements-mason-advertising-agency-was-founded-in-january-26.docx

Filesize: < 2 MB

Downloads: 0

Print Length: 6 Pages/Slides

Words: 294

Your Answer

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.

Sign up or Log in

  • Answer the question above my logging into the following networks
Sign in
Sign in
Sign in

Post as a guest

  • Your email will not be shared or posted anywhere on our site
  •  

Stats
Views: 2
Asked: 6 months ago

Related