Add details of each calculation, please. Adjusted trial balanc.docx

  • No School
  • AA 1
  • 4

This preview shows page 1 - 3 out of 4 pages.

Image of page 1

Subscribe to view the full document.

Add details of each calculation, please. Adjusted trial balances Home office Branch dr (cr) dr (cr) Eliminations Income statement Sales dr (cr) 169 0 O 0 8 3 0 0 0 Combined 14 47 O0) 1 1 08 8 o dr (on Cost of goods sold 4 2 0 0 o Operating axpenses Net Income (to statement of retained eamings below) 2 4 3 0 0 4 4 0 0 0 -o- 9 5 20 Totals Statement of retained eamings Retained earmings, Jan. 1, 2005 Net (Income) (from Income statement above) Dividends declared Retained earnings, Dec. 31, 2005 (to balance sheet below) (34 0 0 O 4 4 00 0) 9520) 1 5 000 Totals Balance sheet 2 3 7 0 0 3 0 0 0 0 5 8 300 1 19 75 1 6 170 Cash Inventories, Dec. 31, 2005 Investment in branch Allowance for overvaluation of branch inventories (11000) 1901010 (35000) ((2|01000) Other assets (net) Current liabllities Common stock, $2.50 par Retained earnings (from 4 8 4 5 0 (8|5|) statement of retained earnings above) Home office 58300) 1 Totals -10 Adjusted trial balances Home office Branch dr (cr) dr (cr) Eliminations Income statement Sales dr (cr) 169 0 O 0 8 3 0 0 0 Combined 14 47 O0) 1 1 08 8 o dr (on Cost of goods sold 4
Image of page 2
Image of page 3

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes