Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Adjusted trial balance columns of worksheet for Goode Company are given below.

 GOODE COMPANY

Worksheet (partial)

For Month Ended April 30, 2008

Adjusted Trial            Income

 

Balance 

Statement

Balance Sheet

Account Titles

DEBIT

CREDIT

DEBIT

CREDIT

DEBIT

CREDIT

Cash

13,752

 

 

 

 

 

Accounts Receivable

7,840

 

 

 

 

 

Prepaid Rent

2,280

 

 

 

 

 

Equipment

23,050

 

 

 

 

 

Accumulated Depreciation

 

4,921

 

 

 

 

Notes Payable

 

5,700

 

 

 

 

Accounts Payable

 

5,672

 

 

 

 

Common Stock

 

25,000

 

 

 

 

Retained Earnings

 

5,960

 

 

 

 

Dividends

3,650

 

 

 

 

 

Service Revenue

 

15,590

 

 

 

 

Salaries Expense

10,840

 

 

 

 

 

Rent Expense

760

 

 

 

 

 

Depreciation Expense

671

 

 

 

 

 

Interest Expense

57

 

 

 

 

 

Interest Payable

 

57

 

 

 

 

Totals

62,900

62,900

 

 

 

 

Complete worksheet.

Worksheet data for Goode Company are presented in E4-2. No common stock was issued during April.

problem

Make the income statement, retained earnings statement, and categorized balance sheet.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M917285

Have any Question? 


Related Questions in Accounting Basics

Accountingnorthwest fur co started 2016 with 114000 of

Accounting Northwest Fur Co. started 2016 with $114,000 of merchandise inventory on hand. During 2016, $410,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases ...

Assignment the apportionmentyou are a census officer in a

Assignment: The Apportionment You are a census officer in a newly democratic nation and you have been charged with using the census data from the table below to determine how 100 congressional seats should be divided amo ...

Individual project instructionsobjectiveyour objective is

Individual Project Instructions OBJECTIVE Your objective is to use analytical tools to understand and improve business performance and to present your analysis using effective data visualizations in a dashboard format. F ...

Careers in accountingaccounting is the study of how

Careers in Accounting Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities in addition to preparing financial statements and recording busi ...

Assignmentfinal take home examination on basic erp

Assignment Final Take Home Examination on Basic ERP Configuration Concepts Provide brief but clear and specific answers to the following questions. Consult any sources necessary, including SAP's Help features. 1. What ar ...

The following data relate to the operations of shilow

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31:        Cash $8,000        Accounts receivable $20,000        Inventory $36,000      ...

Assignment gaap applicationsinternal controlrecall that in

Assignment: GAAP Applications Internal Control Recall that in Units 2 and 3, you completed the accounting cycle for Dustin Larkin of Quixote Consulting. Quixote Consulting is a part-time consulting business that recently ...

Consider that a company has excess cash flow google is a

Consider that a company has excess cash flow. Google is a good one to look at. Google invests in short term securities to earn something on the cash. What is another way the cash could be used to create wealth for the in ...

Project - case 1davis dry goods distributes silk ties you

Project - Case 1 Davis Dry Goods distributes silk ties. You are in charge of creating Davis' master budget for the upcoming second quarter, April - June 2015. Davis desires a minimum ending cash balance each month of $11 ...

Almas recording studio rents studio time to musicians in

Alma's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipate ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen