Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 12P: Balance Sheet from Adjusted Trial Balance The following is the alphabetical adjusted trial balance...
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Transcribed Image Text:Trevor Company has the following adjusted trial balance at December 31, 2019:
Account
Cash
Accounts Receivable
Debit
Credit
$700
1000
2000
1800
Inventory
Supplies
Prepaid Rent
Land
600
6500
Building
Accumulated Depreciation
39,400
$8200
7300
Building
Accounts Payable
Unearned Revenue
Notes Payable, due 2020
Common Stock
Retained Earnings
Dividends
Service Revenue
Rent Expense
Supplies Expense
Salaries Expensc
Depreciation Expense-
Building
Utilities Expense
Totals
4500
2200
6400
2700
800
33,800
1200
1200
6700
1400
1800
$65.100
$65.100
What is the Retained Eamings balance at December 31, 2019?
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