Question 3: Sea Shell company completed steps 1-6 during the accounting cycle. T

Question

Question 3: Sea Shell company completed steps 1-6 during the accounting cycle. The company also prepared a worksheet (shown below). Review the worksheet and complete the following:

1. Determine what sections of the worksheet are missing (if any)

2. Using the Spreadsheet included below, create the missing sections

Question 3 (continued):

Required: Create any missing sections for the worksheet using the spreadsheet below.

Required: Be sure to include all appropriate headings.

Adjusted Trial Balance Income Statement Debit Credit DebitCredit 50,000 ..4,000 170,000 57,000 52,000 63,000 178,500 C. Trout, Capital C. Trout, Withdrawals 30,000 180,800 7,500 180,800 7,500 28,500 85,000 48,000 6,000 5,700 Depreciation expense-Equipment Wages expense . . ..__ . . . . 85,000 48,000 6,000 5,700 Insurance expense....- . Totals. 538,800 538,800 173,200 188,300 15,100 188,300 188.300

Explanation / Answer

Note: The period for to which the data pertains has not been given along with the question posted due to which the headings cannot be completed. Kindly complete appropriately prior to submission.

Sea Shell Company Worksheet For the --- Ended -------- Balance Sheet Debit Credit Cash 95600 Notes receivable (current) 50000 Prepaid insurance 16000 Prepaid rent 4000 Equipment 170000 Accumulated depreciation-equipment 57000 Accounts payable 52000 Long-term notes payable 63000 C. Trout, capital 178500 C. Trout, withdrawals 30000 Totals 365600 350500 Net income 15100 Totals 365600 365600

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.