Principles of Accounting I-Online Homework: Chapter 4 Homework Score: 0 of 1 pt

Question

Principles of Accounting I-Online Homework: Chapter 4 Homework Score: 0 of 1 pt 2 of 2 (1 complete) E4-26 (similar to) New York Veterinary Hospital completed the following worksheet as of December 31, 2018. EE (Click the ioon to view the partial worksheet) Read the requirements Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits ih each step New York Veterinary Hospital Worksheet December 31, 2018 Trial Balance Statement Account Names Debit Credit Debit Credit Cash Accounts Receivable Office Supples Propaid Rent $ 29,300 10,600 950 10,500 24,000 1400 $ 1400 Aocounts Payable Ubities Payable Salaries Payable Unearned Revenue Common Stock Retained Earninos 3,600 240 1,580 7.300 10,000 44 960 Enter any number in the edit fields and then click Check Answer parts Clear All

Explanation / Answer

Adjusted Trail Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Cash 29300 29300 Accounts Receivable 10600 10600 Office Supplies 950 950 Prepaid Rent 10500 10500 Equipment 24000 24000 Accumulated Depreciation - Equipment 1400 1400 Accounts Payable 3600 3600 Utilities Payable 240 240 Salaries Payable 1580 1580 Unearned Revenue 7300 7300 Common Stock 40000 40000 Retained Earnings 44960 44960 Dividend 19000 19000 Service Revenue 31000 31000 Rent expenses 16500 16500 Salaries Expense 9580 9580 Supplies Expense 250 250 Utilities Expense 8000 8000 Depreciation Expense - Equipment 1400 1400 Total 130080 130080 35730 31000 94350 99080 Net Income or loss 4730 4730 35730 35730 99080 99080

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