Do It! Review 3-4 Lumina Co. was organized on April 1, 2015. The company prepare

Question

Do It! Review 3-4 Lumina Co. was organized on April 1, 2015. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below Debits Credits Accumulated Depreciation- s 6,987 574 632 810 Cash $ 728 Equipment Notes Payable Accounts Payable Salaries and Wages Payable Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 4,066 868 321 72 305 11,050 Interest Payable 448 Unearned Rent Revenue 7,893 Common Stock 1,993 Service Revenue 728 Rent Revenue 12,729 11,505 1,036 $31,630 119 324 72 $31,630

Explanation / Answer

Revenue Service Revenue 11505 Rent Revenue 1036 12541 Expenses salaries and wages 7893 Rent Expense 1993 Depreciation Expense 728 Supplies Expense 119 Utilities expense 324 Interest exp 72 11129 Net Income 1412 Cash 6987 Account Receivable 574 Prepaid rent 632 Supplies 810 Equipment Less Dep 10322 Total Asset 19325 Notes Payable 4066 Account Payables 868 Salaries and Wage Payable 321 Interest Payable 72 Unearned rent revenue 305 Total liabilities 5632 Net Income 1412 Less Dividend 448 964

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

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