Presented below is the adjusted trial balance for Cooper Company on December 31,
ID: 2423816 • Letter: P
Question
Presented below is the adjusted trial balance for Cooper Company on December 31, 2015.
COOPER COMPANY
Adjusted Trial Balance
December 31, 2015
Dr. Cr.
Cash $ 1,500
Accounts Receivable 4,300
Prepaid Rent 2,100
Supplies 400
Automobile equipment 18,500
Accumulated depreciation—
Automobile equipment $ 1,300
Accounts Payable 2,700
Unearned Revenue 3,660
Notes Payable 10,000
Common Stock 5,000
Retained Earnings 2,200
Dividends 1,200
Service Revenue 8,800
Salaries Expense 2,160
Utilities Expense 1,400
Rent Expense 500
Supplies Expense 600
Depreciation Expense—
Automobile Equipment 650
Interest Expense 350
Totals $33,660 $33,660
a) Using this information, prepare for the month ending December 31: a balance sheet.
Explanation / Answer
COOPER COMPANY
Balancesheet
As on December 31, 2015
Liabilities and common stock
Amount
Assets
Amount
Current liabilities
Current Assets
Accounts Payable
2700
Cash
1500
Unearned Revenue
3660
Accounts Receivable
4300
Notes Payable
10000
Prepaid Rent
2100
Supplies
400
Share holders fund
Fixed Assets
Common Stock
5000
Automobile equipment 18500
Retained Earnings
4140
Less- Accumulated depreciation—
Automobile equipment 1300
17200
25500
25500
COOPER COMPANY
Balancesheet
As on December 31, 2015
Liabilities and common stock
Amount
Assets
Amount
Current liabilities
Current Assets
Accounts Payable
2700
Cash
1500
Unearned Revenue
3660
Accounts Receivable
4300
Notes Payable
10000
Prepaid Rent
2100
Supplies
400
Share holders fund
Fixed Assets
Common Stock
5000
Automobile equipment 18500
Retained Earnings
4140
Less- Accumulated depreciation—
Automobile equipment 1300
17200
25500
25500
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.