Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. windsor company was organized on april 1, 2020. th

Windsor company was organized on April 1, 2020. The company repairs quarterly financial statements. The...

50.1K

Verified Solution

Question

Accounting

Windsor company was organized on April 1, 2020. The company repairs quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.
image
image
\begin{tabular}{lrllr} & Debit & & Credit \\ Cash & $6,500 & Accumulated Depreciation-Equipment & $700 \\ Accounts Receivable & 380 & Notes Payable & 3,500 \\ Prepaid Rent & 600 & Accounts Payable & 800 \\ Supplies & 800 & Salaries and Wages Payable & 300 \\ Equipment & 12,900 & Interest Payable & 50 \\ Dividends & 600 & Unearned Rent Revenue & 400 \\ Salaries and Wages Expense & 7,900 & Common Stock & 14,280 \\ Rent Expense & 1,300 & Service Revenue & 11,300 \\ Depreciation Expense & 700 & Rent Revenue & 1,100 \\ Supplies Expense & 200 & & $32,430 \\ \hline Utilities Expense & 500 & & \\ Interest Expense & 50 & & & \end{tabular} Determine the amount that appears for Retained Earnings at June 30, 2020. Retained Earnings, June 30

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

The following eight observations were drawn from a normal population whose variance is 100: 12 8 22 15 30 6 29 58 Part A What is...

Medical Sciences
1.2K views

1. How to diagnose “brain death”? Please mention the situation of brain death in India and...

Biology
1.2K views

Read this sentence.I was very angry.The writer revised this sentence to includehyperbole. Which revised sentence...

Biology
1.2K views

Question 17 In squash color is determined by two genes that are epistatic At the...

Basic Math
1.2K views

?ABC is located in Quadrant I. Point A is 5 units to the right of...

Calculus
1.2K views

DETAILS OSCALC1 3 Describe what each expression represents in terms of the given situation Be...

Accounting
1.2K views

What choices does an executor of an estate have in determining the values of assets...

Accounting
1.2K views

on the day of february 1,2019 DBT solutions recieved a invoice of $600 for the...

Accounting
1.2K views

2021 Nina contributes 19% of her $80,000 salary to her 401K. She expects to earn...

Accounting
1.2K views

Question 2: FUTA taxes are due on a quarterly basis and must be paid by...

Accounting
1.2K views

please help! ill like if correct :)) Variable Costing Income...

Accounting
1.2K views

Crane Company uses a periodic inventory system and its accounting records include the following inventory...