The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. The...
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Accounting
The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. The owner did not make any additional investments in the business in April.
DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2017
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
10,000
Accounts Receivable
8,000
Prepaid Rent
2,040
Equipment
22,750
Accumulated DepreciationEquip.
5,000
Notes Payable (due in 1 year)
5,600
Accounts Payable
4,500
Common Stock
19,390
Retained Earnings
9,000
Dividends
3,800
Service Revenue
15,500
Salaries and Wages Expense
11,000
Rent Expense
750
Depreciation Expense
650
Interest Expense
20
Interest Payable
20
Totals
59,010
59,010
Prepare a classified balance sheet.
Assets
Liabilities and Stockholders Equity
Answer & Explanation
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