The Rock Inc. has the following Trial Balance as of December 31, 2023. Use this Trial Balance to answer the remaining questions. Account Number 110 120 125 130 140 150 155 210 215 220 300 305 310 401 501 000 Cash Account Name Accounts Receivable Trial Balance Accrued Revenue Inventory Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Unearned Revenue Common Stock Retained Earnings Dividends Revenue Expenses TOTAL Prepare the Balance Sheet for The Rock, Inc. Debit 1,052,802 888,000 84,000 26,000 36,000 800,000 80,000 674,982 3,641,784 Credit 120,000 335,000 45,000 660,000 1,000,000 225,000 1,256,784 3,641,784

The Rock Inc. has the following Trial Balance as of December 31, 2023. Use this Trial Balance to answer the remaining questions. Account Number 110 120 125 130 140 150 155 210 215 220 300 305 310 401 501 000 Cash Account Name Accounts Receivable Trial Balance Accrued Revenue Inventory Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Unearned Revenue Common Stock Retained Earnings Dividends Revenue Expenses TOTAL Prepare the Balance Sheet for The Rock, Inc. Debit 1,052,802 888,000 84,000 26,000 36,000 800,000 80,000 674,982 3,641,784 Credit 120,000 335,000 45,000 660,000 1,000,000 225,000 1,256,784 3,641,784

Name: 1TOTAL ASSETSTotal LiabilitiesTotal EquityAccountTOTAL LIABILITIES PL
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Description: 1TOTAL ASSETSTotal LiabilitiesTotal EquityAccountTOTAL LIABILITIES PLUS EQUITYAmount The Rock Inc. has the following Trial Balance as of December 31, 2023. Use this Trial Balance toanswer the remaining questions.Account Number11012012513014015015521

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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Entry 4 5 6 7 8 CO 3 2 9 1 10 Explanation Interest Expense Interest Payable Depreciation Expense Accumulated Depreciation Unearned Revenue Services Revenue Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent Cash Salaries Expense Salaries Payable Interest Receivable Interest Revenue Cash Journal Entries Cash expense. Accounts Receivable (from consulting) Unearned Revenue Cash Debit 1,300 4,400 3,600 3,700 2,000 4,500 5,600 5,400 8,200 7,100 2,200 Credit 1,300 4,400 3,600 3,700 2,000 4,500 5,600 5,400 8,200 7,100
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Ihe accourtsfor the statement of fihancial postionandincame statemert a Altredo Escarno, CPAare a tollows: Alteda Ie, CRA Adjunn TrialEe nce Decem ber31, 20X Cad it N1,500 Accnun Debit Accounts hyable Accounts Beoeivable Accu nauilatel Depredsion - Bualing Acu naulated Deprednion -Ofice Eqrip ment Autiing Laenua Bul ding Cath Dereivtion Expas e-Baling Doreciation Ispase-Otice Eqip mat Isano, Capital, Isano, Wahdrawals n1,000 110,00 120,000 1,361,500 750,000 11 S00 55,000 60,000 1,215,500 165,000 75,000 60,000 362,500 96,000 26,000 6,500 52,500 735,000 Ind Mots Becdusble Oftice Equap nent Oftice Supplie Expense Office Supplis Profeiond Deudep mat Ixpense Rent Expense Salades Ixpense Salades Pyable Trud Expense Uhlitis Expense TOTAL 30,500 41,000 18,000 P2 PO1000 RB0 1000 Required: Bepae in goodfom te icome statement andthe statenet f firndalpostion f Altredo Escano, CPAfrte year ended Deombe 31 201X
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