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    BriGuyHigh's Avatar
    BriGuyHigh Posts: 1, Reputation: 1
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    #1

    Sep 15, 2015, 05:13 PM
    Adjusted Trial Balance HELP!!
    I'm really confused and bad at doing this, and I need major help

    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000]Problem 3-5A Preparing financial statements from theadjusted trial balance and calculating profit margin LO P3, A1, A2[/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000][The following information applies to the questionsdisplayed below.][/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000]The adjusted trial balance for Chiara Company as of December31, 2013, follows. [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Debit Credit [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Cash $ 50,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Accountsreceivable 72,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Interestreceivable 28,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Notes receivable(due in 90 days) 188,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Office supplies 26,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Automobiles 208,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Accumulateddepreciation—Automobiles $70,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Equipment 178,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Accumulateddepreciation—Equipment 38,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Land 98,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Accounts payable 196,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Interestpayable 26,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Salariespayable 29,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Unearned fees 50,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Long-term notespayable 148,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Common stock 20,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Retainedearnings 255,800 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Dividends 56,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Fees earned 524,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Interest earned 44,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Depreciationexpense—Automobiles 36,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Depreciationexpense—Equipment 28,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Salariesexpense 208,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Wages expense 60,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Interestexpense 34,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Office suppliesexpense 36,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Advertisingexpense 68,000 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Repairsexpense—Automobiles 26,800 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] Totals $1,400,800 $ 1,400,800 [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT][FONT=Calibri][SIZE=3][COLOR=#000000] [/COLOR][/SIZE][/FONT]
    [FONT=Times New Roman][SIZE=3][COLOR=#000000][/COLOR][/SIZE][/FONT]
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Sep 15, 2015, 10:24 PM
    If your post is any indication I would say you need a lesson in basic computers your copy and paste has been unsuccessful if all else fails retype the data, show us your attempt at the problem and what issues you have
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #3

    Sep 16, 2015, 02:24 PM
    WOW. You expect someone to read this? Did you?
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