Green Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,000 Accounts Receivable 15,800 Office Supplies 6,500 Land 18,400 Building 47,900 Accumulated Depreciation—Building $36,100 Furniture 19,600 Accumulated Depreciation—Furniture 14,100 Accounts Payable 10,600 Salaries Payable 7,200 Unearned Revenue 16,000 Common...

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Question

Accounting

Green Advertising Services

Adjusted Trial Balance

December 31, 2018

Balance

Account Title

Debit

Credit

Cash

$14,000

Accounts Receivable

15,800

Office Supplies

6,500

Land

18,400

Building

47,900

Accumulated Depreciation—Building

$36,100

Furniture

19,600

Accumulated Depreciation—Furniture

14,100

Accounts Payable

10,600

Salaries Payable

7,200

Unearned Revenue

16,000

Common Stock

30,000

Retained Earnings

31,400

Dividends

18,300

Service Revenue

49,800

Salaries Expense

28,600

Supplies Expense

8,400

Depreciation Expense—Building

2,900

Depreciation Expense—Furniture

1,300

Advertising Expense

13,500

Total

$195,200

$195,200

Requirement 3. Prepare the classified balance sheet as ofDecember 31,2018.

Use the account form.

Begin by preparing the asset section of the balance sheet andthen prepare the liabilities and? stockholders' equity sections.?(If a box is not used in the balance? sheet, leave the box? empty;do not select a label or enter a zero. Abbreviation? used: Accum.?= Accumulated.)

Green Advertising Services

Balance Sheet

December 31, 2018

Assets

Less:

Less:

Liabilities

Stockholders' Equity

Answer & Explanation Solved by verified expert
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Solution Green Advertising Services Balance Sheet Green Advertising Services Balance Sheet at December 31 2018 Assets Current Assets Cash 14000 Accounts Receivable 15800 Office Supplies 6500 total current assets 36300 Property Plant and Equipment Land    See Answer
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Green Advertising ServicesAdjusted Trial BalanceDecember 31, 2018BalanceAccount TitleDebitCreditCash$14,000Accounts Receivable15,800Office Supplies6,500Land18,400Building47,900Accumulated Depreciation—Building$36,100Furniture19,600Accumulated Depreciation—Furniture14,100Accounts Payable10,600Salaries Payable7,200Unearned Revenue16,000Common Stock30,000Retained Earnings31,400Dividends18,300Service Revenue49,800Salaries Expense28,600Supplies Expense8,400Depreciation Expense—Building2,900Depreciation Expense—Furniture1,300Advertising Expense13,500Total$195,200$195,200Requirement 3. Prepare the classified balance sheet as ofDecember 31,2018.Use the account form.Begin by preparing the asset section of the balance sheet andthen prepare the liabilities and? stockholders' equity sections.?(If a box is not used in the balance? sheet, leave the box? empty;do not select a label or enter a zero. Abbreviation? used: Accum.?= Accumulated.)Green Advertising ServicesBalance SheetDecember 31, 2018AssetsLess:Less:LiabilitiesStockholders' Equity

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