Given the income statement columns and the balance sheet columns ...

[Arii_bell]

Given the income statement columns and the balance sheet columns of the worksheet, prepare a balance sheet dated December 31, 2016, for Baur Company.

Trial

Adjusted

Income

Balance

Balance

Adjustments

Trial Balance

Statement

Sheet

Accounts	DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
Cash	750	​	​	​	750	​	​	​	750	​
Accts. Rec.	400	​	​	​	400	​	​	​	400	​
Supplies	250	​	​	b  175	75	​	​	​	75	​
Prepaid Ins.	400	​	​	c  100	300	​	​	​	300	​
Equipment	7,000	​	​	​	7,000	​	​	​	7,000	​
Accts. Pay	​	900	​	​	​	900	​	​	​	900
Capital	​	6,000	​	​	​	6,000	​	​	​	6,000
Fees Earned	​	2,000	​	​	​	2,000	​	2,000	​	​
Wages Exp.	100	​	d  300	​	400	​	400	​	​	​
Totals	8,900	8,900	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Depreciation Expense	​	​	a  250	​	250	​	250	​	​	​
Accumulated Depreciation	​	​	​	a  250	​	250	​	​	​	250
Supplies Expense	​	​	b  175	​	175	​	175	​	​	​
Insurance Expense	​	​	c  100	​	100	​	100	​	​	​
Wages Payable	​	​	​	d  300	​	300	​	​	​	300
Total	​	​	825	825	9,450	9,450	925	2,000	8,525	7,450
Net Income	​	​	​	​	​	​	1,075	​	​	1,075
​	​	​	​	​	​	​	2,000	2,000	8,525	8,525
​	​	​	​	​	​	​	​	​	​	​

[orangecrush]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 64% of students answer this correctly

[Arii_bell]

TYSM

[miss.ashley]

Thanks for the timely response, appreciate it