financial statements 497198
Aug 29, 2021 | Uncategorized
| The adjusted trial balance for Callahay Company as of December 31, 2011, follows. |
|
Debit |
Credit |
| Cash |
$ |
160,600 |
|
|
| Accounts receivable |
|
51,000 |
|
|
| Interest receivable |
|
22,200 |
|
|
| Notes receivable (due in 90 days) |
|
169,000 |
|
|
| Office supplies |
|
17,000 |
|
|
| Automobiles |
|
167,000 |
|
|
| Accumulated depreciation Automobiles |
|
|
$ |
55,000 |
| Equipment |
|
142,000 |
|
|
| Accumulated depreciation Equipment |
|
|
|
18,000 |
| Land |
|
84,000 |
|
|
| Accounts payable |
|
|
|
102,000 |
| Interest payable |
|
|
|
45,000 |
| Salaries payable |
|
|
|
24,000 |
| Unearned fees |
|
|
|
46,000 |
| Long-term notes payable |
|
|
|
154,000 |
| Common stock |
|
|
|
22,000 |
| Retained earnings |
|
|
|
283,800 |
| Dividends |
|
48,000 |
|
|
| Fees earned |
|
|
|
514,000 |
| Interest earned |
|
|
|
26,000 |
| Depreciation expense Automobiles |
|
27,000 |
|
|
| Depreciation expense Equipment |
|
20,500 |
|
|
| Salaries expense |
|
185,000 |
|
|
| Wages expense |
|
40,000 |
|
|
| Interest expense |
|
33,400 |
|
|
| Office supplies expense |
|
34,600 |
|
|
| Advertising expense |
|
63,500 |
|
|
| Repairs expense Automobiles |
|
25,000 |
|
|
|
|
|
|
|
| Totals |
$ |
1,289,800 |
$ |
1,289,800 |
|
Pepare Income statement, statement of Retained earnings and Balance sheet.
|
