Homework answers / question archive / TYBALT CONSTRUCTION Adjusted Trial Balance  No 101 104 126 128 December 31, 2019 Account Title Cash Short-term investments Supplies Prepaid insurance Debit $ 6,500 25,000 8,100 9,000 Credit 167 Equipment 60,000 168 Accumulated depreciation-Equipment $ 30,000 173 Building 177,000 174 Accumulated depreciation-Building 59,000 183 Land 39,920 201 Accounts payable 15,000 203 Interest payable 2,800 208 Rent payable 3,100 210 Wages payable 2,900 213 Property taxes payable 1,200 233 Unearned professional fees 7,600 244 Current portion of long term note payable 6,500 251 Long-term notes payable 59,500 307 Common stock 6,500 318 Retained earnings 123,900 319 Dividends 12,200 401 Professional fees earned 101,000 406 Rent earned 16,000 407 Dividends earned 2,800 409 Interest earned 2,600 606 Depreciation expense-Building 12,980 612 Depreciation expense-Equipment 9,000 623 Wages expense 31,000 633 Interest expense 3,500 637 Insurance expense 7,300 640 Rent expense 11,900 652 Supplies expense 6,700 682 Postage expense 3,000 683 Property taxes expense 4,200 684 Repairs expense 6,300 688 Telephone expense 2,200 690 Utilities expense 4,600 Totals $440,400 $440,400    Prepare the income stab  TVI  BOLT r

TYBALT CONSTRUCTION Adjusted Trial Balance  No 101 104 126 128 December 31, 2019 Account Title Cash Short-term investments Supplies Prepaid insurance Debit $ 6,500 25,000 8,100 9,000 Credit 167 Equipment 60,000 168 Accumulated depreciation-Equipment $ 30,000 173 Building 177,000 174 Accumulated depreciation-Building 59,000 183 Land 39,920 201 Accounts payable 15,000 203 Interest payable 2,800 208 Rent payable 3,100 210 Wages payable 2,900 213 Property taxes payable 1,200 233 Unearned professional fees 7,600 244 Current portion of long term note payable 6,500 251 Long-term notes payable 59,500 307 Common stock 6,500 318 Retained earnings 123,900 319 Dividends 12,200 401 Professional fees earned 101,000 406 Rent earned 16,000 407 Dividends earned 2,800 409 Interest earned 2,600 606 Depreciation expense-Building 12,980 612 Depreciation expense-Equipment 9,000 623 Wages expense 31,000 633 Interest expense 3,500 637 Insurance expense 7,300 640 Rent expense 11,900 652 Supplies expense 6,700 682 Postage expense 3,000 683 Property taxes expense 4,200 684 Repairs expense 6,300 688 Telephone expense 2,200 690 Utilities expense 4,600 Totals $440,400 $440,400    Prepare the income stab  TVI  BOLT r

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TYBALT CONSTRUCTION Adjusted Trial Balance 
No 101 104 126 128 December 31, 2019 Account Title Cash Short-term investments Supplies Prepaid insurance Debit $ 6,500 25,000 8,100 9,000 Credit 167 Equipment 60,000 168 Accumulated depreciation-Equipment $ 30,000 173 Building 177,000 174 Accumulated depreciation-Building 59,000 183 Land 39,920 201 Accounts payable 15,000 203 Interest payable 2,800 208 Rent payable 3,100 210 Wages payable 2,900 213 Property taxes payable 1,200 233 Unearned professional fees 7,600 244 Current portion of long term note payable 6,500 251 Long-term notes payable 59,500 307 Common stock 6,500 318 Retained earnings 123,900 319 Dividends 12,200 401 Professional fees earned 101,000 406 Rent earned 16,000 407 Dividends earned 2,800 409 Interest earned 2,600 606 Depreciation expense-Building 12,980 612 Depreciation expense-Equipment 9,000 623 Wages expense 31,000 633 Interest expense 3,500 637 Insurance expense 7,300 640 Rent expense 11,900 652 Supplies expense 6,700 682 Postage expense 3,000 683 Property taxes expense 4,200 684 Repairs expense 6,300 688 Telephone expense 2,200 690 Utilities expense 4,600 Totals $440,400 $440,400 
 

Prepare the income stab 
TVI 
BOLT r.riKE 
the calend 
RTRIMTICII 
0. Tybalt invested $6,500 cash in the business in exchange for common stock during year 2019. The December 31, 2018, credit balance of the Retained Earnings account was $123,900. 
Required: la. Prepare the income statement for the calendar-year 2019. lb. Prepare the statement of retained earnings for the calendar-year 2019. 
lc. Prepare the classified balance sheet at December 31, 2019. 2. Prepare the necessary closing entries at December 31, 2019. 
Complete this question by entering your answers in the tabs below. 
Permirprl 1A Ppnttirpri 1R 
pprmirpri ir 
Fnr Van 
Revenues 
2ment for 
Income St 
r Fnrlarl 
atement 
iramhar 21 
Required 2 
ar-year 2019. 
2019 

Total revenues 

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Expenses