Golden West College - ACCOUNTING G101 ACCOUNTING G101 – Financial Accounting Using the information presented below, prepare in proper format for the year ending December 31, 2015: an income statement a statement of retained earnings a balance sheet Whitney Corp. Adjusted Trial Balance December 31, 2015 Account Title Debit Credit Cash 18,400 Accounts Receivable 15,500 Inventory 21,200 Machine 53,000 Accumulated Depreciation 4,000 Notes Payable 29,000 Accounts Payable 3,900 Common Stock 40,000 Retained Earnings 17,800 Dividends 5,600 Sales Revenue 45,200 Salaries Expense 17,300 Insurance Expense 5,000 Utilities Expense 2,400 Depreciation Expense 1,500 Total 139,900 139,900 Use the tables provided to prepare the financial statements. 4. What is the total amount of the credit column in the post-closing trial balance of Whitney Corp. on December 31, 2015? [put the answer in the blank to the right.]

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Golden West College - ACCOUNTING G101 ACCOUNTING G101 – Financial Accounting Using the information presented below, prepare in proper format for the year ending December 31, 2015: an income statement a statement of retained earnings a balance sheet Whitney Corp

Accounting Mar 23, 2021

Golden West College - ACCOUNTING G101

ACCOUNTING G101 – Financial Accounting

Using the information presented below, prepare in proper format for the year ending December 31, 2015:

an income statement
a statement of retained earnings
a balance sheet

Whitney Corp.

Adjusted Trial Balance December 31, 2015

Account Title Debit Credit

Cash	18,400
Accounts Receivable	15,500
Inventory	21,200
Machine	53,000
Accumulated Depreciation		4,000
Notes Payable		29,000
Accounts Payable		3,900
Common Stock		40,000
Retained Earnings		17,800
Dividends	5,600
Sales Revenue		45,200
Salaries Expense	17,300
Insurance Expense	5,000
Utilities Expense	2,400

Depreciation Expense 1,500

Total 139,900 139,900

Use the tables provided to prepare the financial statements.

4. What is the total amount of the credit column in the post-closing trial balance of Whitney Corp. on December 31, 2015? [put the answer in the blank to the right.]

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