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  • Quiz TM 08 Jenny 43219110234

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    Jenny 1107
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    The consolidated trial balance for the year ending December 31, 2014 shows total assets of $3,060, total liabilities of $2,360, and total equity of $700. Key items include: - Cash of $300, accounts receivable of $200, land of $1,200, equipment of $1,000, and investment of $2,880 under assets. - Accounts payable of $900, notes payable of $300, and common stock of $2,300 under liabilities. - Sales of $4,000, cost of goods sold of $2,400, other expenses of $200, and dividends of $400.

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    The consolidated trial balance for the year ending December 31, 2014 shows total assets of $3,060, total liabilities of $2,360, and total equity of $700. Key items include: - Cash of $300, accounts receivable of $200, land of $1,200, equipment of $1,000, and investment of $2,880 under assets. - Accounts payable of $900, notes payable of $300, and common stock of $2,300 under liabilities. - Sales of $4,000, cost of goods sold of $2,400, other expenses of $200, and dividends of $400.

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    © All Rights Reserved
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    3 views2 pages

    Quiz TM 08 Jenny 43219110234

    Uploaded by

    Jenny 1107
    The consolidated trial balance for the year ending December 31, 2014 shows total assets of $3,060, total liabilities of $2,360, and total equity of $700. Key items include: - Cash of $300, accounts receivable of $200, land of $1,200, equipment of $1,000, and investment of $2,880 under assets. - Accounts payable of $900, notes payable of $300, and common stock of $2,300 under liabilities. - Sales of $4,000, cost of goods sold of $2,400, other expenses of $200, and dividends of $400.

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    © All Rights Reserved
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    of 2

    No

    Date

    NGma
    NiM Senay
    432)9l|0234

    Con sali dated Tial Balonce


    for theear end. B1 Decemb er 2l4

    Delt Credit
    Cash 300
    Acasnt leceade
    \henty
    land
    200
    |. 200
    tauiement
    Gondwi (- 260
    Cost of Sales 3- So0
    other
    ex penses
    Diucands
    ACcoutslayable
    Cohmon 3hhcle 2-300
    3. 06o
    Sales 400
    Totul 0- 60

    ) Wjoneelg lapers
    Debt NaJe Qsc Rased 8scl 1otal Adoukealance
    ayh 200 B00 300
    Acount Keeiavbe 200 SOo - lo0
    -\00
    Ienhy
    land - 20
    Eaupment A00 H00
    Imvatment nkashedQsc 2-80 2-880
    2-400
    200 A
    5OYKO 35 Lines, 6mn
    No
    Date

    400
    Ovdends 300
    4 oo
    A00
    12-480
    Totl
    Cedt
    200
    Aceuat ayaue 900
    2-360
    2-200 (-00 3.200
    3.4&0 3.o6o
    letaned Eni ngs 2.80 00 4.co
    ales 3-\00 2-300
    200 200|
    Cun on ale sf lend 200
    4-200 12-40
    Total

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