Book1 - After-Closing Trail Balance December. 31, 2009 Cash...

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Lawn Pride Inc. Balance Sheet Decem.ber 31, 2009 Assets Cash $58,525 Revenue Accounts Receivable 4,800 Mowing Rev Prepaid Rent 3,000 Total Reve Unexpired Insurance 8,000 Supplies 1,075 Expenses Trucks $150,000 Insurance E Accumulated depreciation: trucks $120,000 $30,000 Office Rent Mowing Equipment $20,000 Supplies Ex Accumulated depreciation: mowing equipment $12,000 $8,000 Salary Expe Total Assets $113,400 Depreciatio Depreciatio Repair and Fuel Expen Liabilities Miscellaneo Accounts Payable $18,000 Interest Notes Payable $50,000 Income befo Salaries Payable $900 Income Tax Interest Payable $150 Net Income Income Taxes Payable $1,050 Unearned Mowing Revenue $900 Total Liabilities $71,000 Stockholders Equity Capital Stock $20,000 Retained Earnings $38,000 Retained Ea Total Stockholders Equity $58,000 Add: Net Inc $129,000 Subtotal Less: Divide Retained E Wilderness Guide Services, Inc
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Unformatted text preview: After-Closing Trail Balance December. 31, 2009 Cash $12,200 Accounts Receivable 31,000 Camping Supplies 7,900 Unexpired Insurance Policies 2,400 Equipment 70,000 Accumulated depreciation:Equipment $60,000 Notes Payable $18,000 Accounts Payable $9,500 Capital Stock $25,000 Retained Earnings Dec 31 $11,000 $123,500 $123,500 Lawn Pride Inc. Income Statement Decem.ber 31, 2009 venue Earned $170,000 nue $170,000 Expense $2,400 t Expense $36,000 xpense $5,200 ense $60,000 n expense: trucks $30,000 n expense: mowing equipment $4,000 maintenance expense $3,000 se $1,500 ous Expense $5,000 $3,000 $150,100 fore taxes $19,900 xes $6,000 e $13,300 Wilderness Guide Services, Inc Statement of Retained Earnings For the Year Ended December 31, 2009 arnings, Jan 2009 $30,000 come $13,300 $43,000 ends $5,000 arnings, Dec 2009 $38,000...
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Book1 - After-Closing Trail Balance December. 31, 2009 Cash...

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