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ac2760_wk04_Wizard Services Co_Financial statements

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Question;Account;Title;Adjusted;Trial Balance;Dr.;Cr.;Cash;26,750;Accounts;Receivable;11,900;Supplies;3,900;Prepaid;Insurance;3,700;Land;50,000;Building;57,500;Accum.;Depr. - Building;24,800;Equipment;32,000;Accum.;Depr. - Equip.;11,100;Accounts;Payable;3,350;Wages;Payable;100;Unearned;Rent;700;Capital;Stock;30,000;Retained;Earnings;95,350;Dividends;2,000;Service;Revenue;36,000;Rent;Revenue;2,000;Wages;Expense;5,100;Rent;Expense;2,500;Utilities;Expense;1,650;Supplies;Expense;1,500;Depreciation;Expense - Building;1,400;Insurance;Expense;1,100;Depreciation;Expense - Equipment;900;Miscellaneous;Expense;1,500;Totals;2,03,400;2,03,400;AC2760;Week 4 Assignment;Wizard Services Co. offers security;services to business clients.;To Do;1.;Complete the following end of period;spreadsheet (work sheet) for Wizard Services Co.;Please use the drop-down list (right;of the cell) to enter the account description box on the worksheet.;2.;Prepare the following;a. an income statement for July;b. a retained earnings statement for;July;c. a balance sheet as of July 31.

 

Paper#37315 | Written in 18-Jul-2015

Price : $22
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