Question 1
The following is the Alpha Dog Company adjusted Trail Balance.
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Alpha Dog Company
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Adjusted Trial Balance
|
|
December 31, 2016
|
|
Account Title
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Debit
|
Credit
|
|
Cash
|
$88,450
|
|
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Accounts Receivable
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168,700
|
|
|
Supplies
|
30,255
|
|
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Stock Investment
|
159,000
|
|
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Equipment
|
295,285
|
|
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Accumulated Depreciation
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$235,760
|
|
Accounts Payable
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|
73,555
|
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Wages Payable
|
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12,000
|
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Capital Stock
|
|
220,000
|
|
Retained Earnings
|
|
111,145
|
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Service Revenue
|
|
902,105
|
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Interest Income
|
|
1,500
|
|
Rent Expense
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63,500
|
|
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Wages Expense
|
539,260
|
|
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Supplies Expense
|
42,520
|
|
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Depreciation Expense
|
164,095
|
|
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Dividends
|
5,000
|
_________
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Totals
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$1,556,065
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$1,556,065
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Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.