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]

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Only 64% of students answer this correctly

[Arii_bell]

YES! Correct, THANKS for helping me on my review

[xthemafja]

Excellent