Home / Questions / The following is the adjusted trial balance for Sandeep Company. Sandeep Company Adjus
The following is the adjusted trial balance for Sandeep Company.
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Sandeep Company |
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Adjusted Trial Balance |
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December 31, 2011 |
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Cash |
18,130 |
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Accounts Receivable |
3,300 |
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Prepaid Expenses |
2,750 |
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Equipment |
30,400 |
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Accumulated Depreciation |
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12,200 |
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Accounts Payable |
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2,700 |
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Notes Payable |
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1,000 |
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Capital Stock |
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10,000 |
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Retained Earnings |
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21,200 |
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Dividends |
4,870 |
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Fees Earned |
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36,600 |
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Wages Expense |
12,450 |
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Rent Expense |
4,900 |
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Utilities Expense |
3,475 |
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Depreciation Expense |
2,150 |
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Miscellaneous Expense |
1,275 |
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Totals |
83,700 |
83,700 |
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Prepare closing entries and the post closing trial balance.
200. Reconstruct the adjusting and closing entries from the following T accounts.
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Prepaid Insurance |
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Accounts Receivable. |
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Unearned Revenues |
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Wages Payable |
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1,200 |
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6,000 |
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1,350 |
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530 |
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200 |
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1,500 |
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435 |
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530 |
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1,000 |
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7,500 |
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915 |
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Retained Earnings |
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Income Summary |
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7,000 |
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2,100 |
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9,935 |
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8,000 |
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5,280 |
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2,100 |
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4,655 |
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1,500 |
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2,100 |
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0 |
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5,280 |
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435 |
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10,180 |
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0 |
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9,935 |
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0 |
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Wages Expense |
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Insurance Expense |
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Utilities Expense |
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2,600 |
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1,145 |
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200 |
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180 |
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530 |
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1,145 |
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200 |
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180 |
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3,130 |
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0 |
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0 |
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0 |
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0 |
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