A company's adjusted trial balance is presented below. Company X Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Revenue (short-term) Notes Payable (long-term) Common Stock Dividends Retained Earnings, January 1, 20XX Service Revenue Rent Expense Salaries Expense Depreciation Expense - Equipment Utilities Expense Total Balance Debit $153,000 13,000 42,000 23,000 304,000 10,000 62,000 120,000 8,000 3,000 $738,000 Credit 62,000 80,000 31,000 119,000 139,000 84,000 223,000 $738,000

A company's adjusted trial balance is presented below. Company X Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Revenue (short-term) Notes Payable (long-term) Common Stock Dividends Retained Earnings, January 1, 20XX Service Revenue Rent Expense Salaries Expense Depreciation Expense - Equipment Utilities Expense Total Balance Debit $153,000 13,000 42,000 23,000 304,000 10,000 62,000 120,000 8,000 3,000 $738,000 Credit 62,000 80,000 31,000 119,000 139,000 84,000 223,000 $738,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 7P: Complex Income Statement The following items were derived from Woodbine Circle Corporations adjusted...

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