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    Final Exams Fund of Acctg Bus MGT 2023

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    JAN RAY CUISON VISPERAS
    This document contains the adjusted trial balance, income statement, and balance sheet for Golden Bright Company as of December 31, 2022. The trial balance shows the company has $975,000 in cash, $1.25 million in accounts receivable, and $2.5 million in capital. The income statement reveals the company had $875,000 in service revenue and $105,000 in interest revenue, as well as $235,000 in salaries expense. The balance sheet lists the company's assets including cash, accounts receivable, and equipment, and its liabilities and equity.

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    Final Exams Fund of Acctg Bus MGT 2023

    Uploaded by

    JAN RAY CUISON VISPERAS
    44 views1 page
    This document contains the adjusted trial balance, income statement, and balance sheet for Golden Bright Company as of December 31, 2022. The trial balance shows the company has $975,000 in cash, $1.25 million in accounts receivable, and $2.5 million in capital. The income statement reveals the company had $875,000 in service revenue and $105,000 in interest revenue, as well as $235,000 in salaries expense. The balance sheet lists the company's assets including cash, accounts receivable, and equipment, and its liabilities and equity.

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    FINAL-EXAMS-FUND-OF-ACCTG-BUS-MGT-2023

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    This document contains the adjusted trial balance, income statement, and balance sheet for Golden Bright Company as of December 31, 2022. The trial balance shows the company has $975,000 in cash, $1.25 million in accounts receivable, and $2.5 million in capital. The income statement reveals the company had $875,000 in service revenue and $105,000 in interest revenue, as well as $235,000 in salaries expense. The balance sheet lists the company's assets including cash, accounts receivable, and equipment, and its liabilities and equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views1 page

    Final Exams Fund of Acctg Bus MGT 2023

    Uploaded by

    JAN RAY CUISON VISPERAS
    This document contains the adjusted trial balance, income statement, and balance sheet for Golden Bright Company as of December 31, 2022. The trial balance shows the company has $975,000 in cash, $1.25 million in accounts receivable, and $2.5 million in capital. The income statement reveals the company had $875,000 in service revenue and $105,000 in interest revenue, as well as $235,000 in salaries expense. The balance sheet lists the company's assets including cash, accounts receivable, and equipment, and its liabilities and equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Fundamentals of Accounting, Bus Management (Bridging)

    Name Jan Ray Visperas Course/Year AOM-A Score .

    Below is the adjusted Trial Balance of Golden Bright Company as of December 31, 2022

    ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET


    DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    Cash 975,000 975,000
    Accounts Receivable 1,250,000 1,250,000
    Allowance for Bad Debts 62,500 62,500
    Prepaid Rent 75,000 75,000
    Office Supplies 45,000 45,000
    Furniture and Fixtures 225,000 225,000
    Accumulated Depreciation - F & F 45,000 45,000
    Office Equipment 1,250,000 1,250,000
    Accumulated Depreciation- Of Eq. 250,000 250,000
    Accounts Payable 75,000 75,000
    Loans Payable 375,000 375,000
    Unearned Service Revenue 65,000 65,000
    Gold, Capital 2,500,000 2,500,000
    Gold, Drawings 75,000 75,000
    Service Revenue 875,000 875,000
    Interest Revenue 105,000 105,000
    Salaries Expense 235,000 235,000
    Office Supplies Expense 15,250 15,250
    Miscellaneous Expense 15,500 15,500
    Rent Expense 25,000 25,000
    Utilities Expense 19,250 19,250
    Depreciation Expense 147,500 147,500

    TOTAL 4,352,500 4,352,500 457,500 980,000 3,895,000 3,372,500


    Net Income 522,500 522,500
    TOTALS 980,000 980,000 3,895,000 3,895,000

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