NEED TO COMPLETE THIS ASAP PLEASE ! Question 4 The adjusted trial balance column
ID: 2395845 • Letter: N
Question
NEED TO COMPLETE THIS ASAP PLEASE ! Question 4
The adjusted trial balance columns of the worksheet for Savaglia Company are as follows.
Complete the worksheet.
Explanation / Answer
SAVAGLIA COMPANY
Work Sheet [Partial]
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
11,700
11,700
Accounts Receivable
7,300
7,300
Prepaid Rent
2,000
2,000
Equipment
23,300
23,300
Accumulated Depreciation – Equipment
5,100
5,100
Note Payable
5,800
5,800
Accounts Payable
5,500
5,500
Owners Capital
28,250
28,250
Owners Drawings
3,400
3,400
Service Revenue
15,000
15,000
Salaries and Wages
10,500
10,500
Rent Expenses
800
800
Depreciation Expenses
650
650
Interest Expenses
30
30
Interest Payable
30
30
Totals
59,680
59,680
11,980
15,000
47,700
44,680
Net income
3,020
3,020
Totals
15,000
15,000
47,700
47,700
SAVAGLIA COMPANY
Work Sheet [Partial]
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
11,700
11,700
Accounts Receivable
7,300
7,300
Prepaid Rent
2,000
2,000
Equipment
23,300
23,300
Accumulated Depreciation – Equipment
5,100
5,100
Note Payable
5,800
5,800
Accounts Payable
5,500
5,500
Owners Capital
28,250
28,250
Owners Drawings
3,400
3,400
Service Revenue
15,000
15,000
Salaries and Wages
10,500
10,500
Rent Expenses
800
800
Depreciation Expenses
650
650
Interest Expenses
30
30
Interest Payable
30
30
Totals
59,680
59,680
11,980
15,000
47,700
44,680
Net income
3,020
3,020
Totals
15,000
15,000
47,700
47,700
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